-Bank of Mexico leaves rate steady.
Global Banking News - 08 June 2012
The Bank of Mexico has left its interest rates unchanged on Friday amid a gloomy outlook for the Mexican economy, mainly due to rising risks in the global economy.
The Mexican central bank has kept its overnight lending rate target at 4.5 percent, stating that rates could move in either direction in the future.
Mexico's inflation outlook remains neutral, the central bank said, adding that it is expecting inflation to be within target for 2012. The central bank expects inflation measured by the consumer price index to be between 3 and 4 percent this year and next. Its specific target is 3 percent.
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