Friday, May 27, 2011

Banco de Mexico Holds Interest Rate at 4.50%

The Banco de Mexico maintained its overnight interest rate target unchanged at 4.50%.  On the global outlook the Bank said: "In general, the balance of risks for world growth has shown a certain deterioration, while that of inflation has improved."  Mexico reported annual inflation of 3.4% April (3% in March), and 3.3% in the middle of May, compared to the Bank's inflation target of 3% +/- 1%.  The Mexican economy grew 4.6% year on year in Q1 this year, up 0.5% from the previous quarter, compared to GDP growth of 5.4% in 2010.

www.CentralBankNews.info

2 comments:

  1. Contrary to what economic analysts predicted, Mexico has been able to hold it's interest rate at an amazing 4.50%, showing one of the lowest inflation rates in Latin America today. I'm actually not surprised, there have been so many positive changes in the Mexican economy over the past year. I blog about Investment in Mexico at http://www.investmexicotoday.com/. I hope you'll take a look and leave me your comments. Daniel.

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  2. Interesting, thanks for the comment.

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