MEXICO CITY, July 5 (Reuters): Mexico's central bank is likely to hold its main interest rate steady at a record low next Friday to support a rocky economic recovery after a surprise rate cut last month, a Reuters poll showed on Friday.
All 24 analysts surveyed by Reuters expect the central bank to hold its main interest rate at 3.00 percent on July 11. The bank will issue its decision on Friday at 9 a.m. local time (1400 GMT).
Mexico's central bank unexpectedly slashed interest rates by 50 basis points in June, saying the sluggish economy gave it room for a one-off cut to spur growth without fanning inflation pressures.
Annual inflation accelerated for the first time in five months in early June to 3.71 per cent, but stayed within the central bank's tolerance zone, backing bets for steady interest rates ahead.
Mexico central bank seen holding interest rate steady in July
FE Team | Published: July 06, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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