Banxico Sticks At 7%

Mexico’s Central Bank, Banxico, has held the benchmark lending rate at 7% for a further month following signs that inflationary pressures are easing. Core inflation for the first half of March fell slightly from 3.95% as at end-February to 3.87%, said the Bank. Last month, Banxico said it could well tighten monetary policy should core inflation continue to rise and spill over into the wider economy.