MEXICO CITY: Most of Mexico's central bankers were convinced that a spike in inflation has likely passed while the majority said short-term risks to growth had increased, minutes released on Friday showed.
Central Bank board members voted at their March 31 meeting to hold their benchmark interest rate at a record low of 3.50 percent.
The minutes did not specify if the decision was unanimous or not, a rare omission for the bank. Most policymakers said that the risks of higher inflation had receded marginally, while the majority thought the bank would have to revise down its . . .
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