Mexico holds rates again, while Peru cuts
Peruvian board says inflation is falling faster, while Banxico predicts more gradual disinflation
The central banks of Mexico and Peru both continued their current monetary policy stances, respectively holding and cutting their key rates.
The Bank of Mexico (Banxico), held its policy rate at 11.25% for a fifth consecutive meeting on December 14. The Central Reserve Bank of Peru (BCRP) continued a programme of 25 basis point cuts on the same day, lowering its key rate to 6.75%.
Mexican board unanimousThe Mexican central bank’s five-member board unanimously backed the decision to keep the rate
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