Thursday, July 7, 2011

Mexico May Hold Rate for 20th Meeting on Monthly Price Declines

Mexico’s central bank will probably
keep its benchmark interest rate unchanged today after consumer
prices fell twice since March, a sign Latin America’s second-
biggest economy is growing below its potential.
The central bank’s board, led by Governor Agustin Carstens,
will keep the overnight rate at 4.50 percent for a record 20th
straight meeting, according to all 14 economists surveyed by
Bloomberg. The bank announces its decision at about 10

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