-Bank of Mexico leaves rate steady.Mexico Mexico, city, Mexico
Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. leaves rate steady(C)2012 ENPublishing - http://www.enpublishing.co.uk
Global Banking News - 08 June 2012
The Bank of Mexico The Bank of Mexico (Spanish: Banco de México), abbreviated BdeM or Banxico, is Mexico's central bank and lender of last resort. Banco de México is autonomous in exercising its functions. has left its interest rates unchanged on Friday amid a gloomy gloom·y
adj. gloom·i·er, gloom·i·est
1. Partially or totally dark, especially dismal and dreary: a damp, gloomy day.
2. 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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