Banxico minutes show light easing of inflation risks from US-Iran talks
Mexico's central bank, Banxico, held its benchmark interest rate at 6.50% after a unanimous vote, citing eased inflation risks due to US-Iran negotiations.
- Country:
- Mexico
Most members of Mexico's central bank board agreed in their June monetary policy meeting that progress in negotiations between the U.S. and Iran have lightly eased inflation risks stemming from the war in the Middle East, minutes showed on Thursday.
The central bank, known as Banxico, voted unanimously on June 25 to hold its benchmark interest rate at 6.50%, beginning an anticipated pause after a final 25-basis-point cut in May.
ALSO READ
-
Seychelles Growth Set to Slow to 1% as Tourism Feels the Middle East Conflict’s Impact
-
ADB Approves $1.5 Billion to Protect Philippines From Conflict-Driven Price Hikes
-
Malawi’s Fragile Recovery Faces Jobs Test; Debt and State Firms Strain Economy
-
Poverty in the Line of Fire: UN Experts Demand Iran End Border Courier Killings
-
Asia’s Growth Slows to 5% as Energy Shocks and El Niño Put Regional Recovery at Risk
Google News