Mexico central bank seen holding rates steady

Mexico's central bank is expected to hold its key lending rate steady on Thursday after peso gains tamed concerns about higher inflation.

All 25 analysts surveyed said they expect the Banco de Mexico to keep the benchmark interest rate MXCBIR=ECI at 3.75 percent. The central bank is due to announce its decision at 1300 local time (3 p.m. ET) on Thursday.

Mexico's peso has gained about 6 percent since the central bank unexpectedly raised rates by 50 basis points in February and directly intervened in the foreign exchange market for the first time since 2009 . . .