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Mexico’s central bank holds rates steady after new NAFTA deal





FILE PHOTO: Mexico's Economy Minister Ildefonso Guajardo (L-R), Canada's Foreign Minister Chrystia Freeland and U.S. Trade Representative Robert Lighthizer arrive for a trilateral meeting during the third round of NAFTA talks involving the United States, Mexico and Canada in Ottawa, Ontario, Canada, September 27, 2017. REUTERS/Chris Wattie/File Photo

Mexico’s central bank is held its benchmark interest rate steady Thursday in a policy announcement as inflation cools and after officials reached a breakthrough on NAFTA.

The move was in line with expectations. More than two-thirds of analysts polled by Reuters predicted the Bank of Mexico would keep its benchmark interest rate at 7.75%, the level it has been at since a quarter-percentage-point hike in June.

“Given the complex read more >>>

Source:: BusinessInsider.Com

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