Central Bank To Maintain Its Main Interest Rate At 3.5%


News: Analysts expected Mexico's central bank to maintain its main interest rate on March 21 2014 as policymakers balance the effect of new taxes on inflation and a weak peso with the drag on consumer prices from slow economic growth. Analysts in a Reuters poll conducted in the week ending March 15 2014, unanimously estimated that the bank will maintain its benchmark rate at a record low of 3.5% to boost economic recovery. The median of projections of analysts reveal that the bank will increase its benchmark rate to 3.75% in Q115, on par with estimations in a poll released in January 2014.

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Geography: Mexico