{"id":22239,"date":"2011-07-08T16:31:00","date_gmt":"2011-07-08T20:31:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=5cd192dd5af9425ac9074f005dfc2f8c"},"modified":"2011-07-08T16:31:00","modified_gmt":"2011-07-08T20:31:00","slug":"banco-de-mexico-holds-overnight-interest-rate-at-4-50","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/07\/08\/banco-de-mexico-holds-overnight-interest-rate-at-4-50\/","title":{"rendered":"Banco de Mexico Holds Overnight Interest Rate at 4.50%"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">The&nbsp;<a href=\"http:\/\/www.banxico.org.mx\/\" style=\"color: #3778cd; text-decoration: none;\">Banco de Mexico<\/a>&nbsp;held its overnight interest rate target steady at 4.50%.&nbsp; In an unofficial translation the Bank noted: &#8220;The current levels of inflation are the result of several factors: the declining trend in costs of labor, the fading impact of tax changes last year, the favorable exchange rate (despite the recent episode of volatility in international financial markets) and a significant reduction in agricultural prices.&#8221;<\/span><br \/><a name='more'><\/a><\/p>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">The Mexican central bank also held the overnight <\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><a href=\"http:\/\/www.centralbanknews.info\/2011\/05\/banco-de-mexico-holds-interest-rate-at.html\">interest rate<\/a><\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"> target unchanged at 4.50% at its May meeting. &nbsp;Mexico reported annual inflation of 3.28% at the end of June, compared to 3.4% April (3% in March), and 3.3% in the middle of May, and within the Bank&#8217;s inflation target range of 3% +\/- 1%.&nbsp; The Mexican economy grew 4.6% year on year in Q1 this year, up 0.5% from the previous quarter, compared to GDP growth of 5.4% in 2010.<\/span><\/div>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"> <br \/><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"color: #3778cd; text-decoration: none;\" >www.CentralBankNews.info<\/a><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-5113442885927110224?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Banco de Mexico&nbsp;held its overnight interest rate target steady at 4.50%.&nbsp; In an unofficial translation the Bank noted: &#8220;The current levels of inflation are the result of several factors: the declining trend in costs of labor, the fad&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22239","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22239"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22239\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}