Mexico and Guatemala continue to hold rates
Inflation is still falling, but Banxico expects rates will stay high for some time
The Bank of Mexico (Banxico) held its policy rate at 11.25% at its September 27 monetary policy session, the fourth consecutive session it has done so. The five-member board voted unanimously to continue the pause.
Between June 2021 and March 2023, the central bank raised its policy rate by 725 basis points.
In its policy statement, Banxico’s board said inflation was continuing on a downward path, though still above the 3 ±1% inflation target. Headline inflation was 4.4% in the first half of
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