Puerto Vallarta News

Puerto Vallarta News

mexico rates

Mexico central bank unanimous in rate hold

Mexico's central bank was unanimous in its decision to keep interest rates on hold last month, but most board members flagged the risk of a disorderly slump in the peso, which could hit inflation, meeting minutes showed on Friday.

At their March 18 meeting, policymakers voted 5 to 0 to keep their benchmark interest rate at 3.75 percent after a surprise 50-basis-point hike in February to shore up the peso, which has fallen sharply against the dollar since late 2014.

The Mexican currency, which has been battered by tumbling oil prices, however, hit its highest level . . .

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