Mexico central bank seen slowing pace of hikes after peso rally

March 27, 2017

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 . . .

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