Posted On: July 08, 2011
Interest rates in Mexico are unlikely to move from the benchmark rate of 4.5 percent when the Central Bank's administrative body meets on Friday morning, Bloomberg reports
If no changes are made, the rates will mark 20 straight meetings without adjustment. Bloomberg surveyed 14 economists, all of whom said no change will be implemented on the interest rate. For two months since March, consumer prices dropped in the nation, revealing Latin America's second greatest economy is not expanding as its potential demonstrates it can. Brazil is the owner of Latin America's top economy.
Mexican stocks ended the Thursday session driving higher, according to
Dow Jones Newswires
. Uplifting economic information from the U.S
., Mexico's top trade and commerce partner, influenced the stocks' performance. The information stated employment and retail services are more healthy in the U.S
Thursday also saw the Mexican peso gain in value versus the U.S
. dollar, increasing from Wednesday as well.
Consumer prices dropped the most in May in the 42 years such information has been monitored. But in June, the matrix did not reveal a change. The annual rate in June was 3.28 percent following the 0.74 downward drive in May.
Category: Industry News
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