Mexico’s Central Bank Expected to Hold Rates – Watches Weak Peso

Nineteen of 20 analysts polled by Reuters expect the Banco de Mexico to hold its benchmark rate at 3 percent in its first policy decision statement at 1 p.m. local time (1900 GMT) on Thursday instead of the previous release time on Friday morning.

Annual inflation slowed sharply in early January to just above 3 percent after running above the central bank's 4 percent ceiling for acceptable price gains last year.

The drop in inflation, combined with slack Mexican growth data this week and a flood of liquidity from the European Central Bank last week, pushed economists at . . .

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