Mexico's central bank is expected to raise its benchmark interest rate this week for the fifth meeting in a row, but policymakers are seen slowing the pace of hikes after a rally in the peso, a Reuters poll showed on Monday.
The Banco de Mexico is likely to raise rates on Thursday by a quarter percentage point to 6.50 percent, according to 15 of 24 analysts surveyed by Reuters. Seven thought the bank could deliver a half-percentage point hike, while two saw no move.
Mexico's central bank raised its benchmark rate in 50-basis point moves . . .
