Puerto Vallarta News

Puerto Vallarta News

Mexico Central Bank Seen Holding Rates as Economy Drags

Mexico's central bank is expected to hold its main interest rate steady on Friday as easing inflation pressures give policymakers room to leave borrowing costs low to support an economic recovery.

All 25 analysts surveyed by Reuters last week expected the central bank to hold its main interest rate at a record low of 3.50 percent. The bank will issue its decision on Friday at 9 a.m. local time [1400 GMT].

Mexican annual inflation eased for the third month in a row in early April and policymakers are seen keeping borrowing costs steady into next year, in . . .

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