Mexico's central bank held borrowing costs steady on Thursday, pointing to still sluggish economic growth and noting that inflation pressures remained muted following a deep slump in the peso.
The Banco de Mexico left its key rate at 3.00 percent, as expected by all 15 analysts surveyed by Reuters last week.
Policymakers said slack in the economy would help contain price pressures. That backs analysts' expectations that the bank is unlikely to raise interest rates before the U.S. Federal Reserve does so, unless the peso weakens much further.
Data last month showed Mexico's annual inflation rate . . .
