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Mexican inflation leaves policymakers to keep rates steady amid slow global growth

Friday, March 9, 2012

Mexico's annual inflation rate dipped below the central bank's 4 percent ceiling in February, leaving policymakers room to keep interest rates steady as they eye the impact of slowing global growth on Mexico.

Consumer prices rose 3.87 percent in the 12 months through February, slowing from a 4.05 percent rise in January. Analysts surveyed had forecast 4 percent.

Brazil's sharply slowing economy spurred a surprisingly big interest rate cut by policymakers there on Wednesday, but Mexico is seen keeping its interest rate steady next week and into 2013 as US demand supports its southern neighbor's exports.

Source: Reuters