Analysts: Banxico To Hold Interest Rates

A recent survey of market experts predicts that Mexico’s central bank, Banco de México (Banxico), will hold interest rates steady after eight consecutive months of cuts. Banxico will decide on Friday whether to lower the benchmark overnight lending rate from its current level of 7.25%. Last month, the Bank cut the rate from 7.50%, but a slight rise in core inflation in March is likely to stay Banxico’s hand from lowering the rate further this month, according to a majority of economists.