Mexico to Hold Out on Easing While Peru Cuts.

BLOOMBERG LP; PERU Current; EL Nino

MEXICO City (Mexico); PERU

Mexico is expected to keep its borrowing costs unchanged, making it the only major Latin American country that has not started easing monetary policy. This is due to the fact that headline inflation in Mexico is still above its target. On the other hand, Peru is predicted to deliver its sixth consecutive interest rate cut, lowering its key rate by a quarter point. This is in response to inflation slowing faster than expected and the weak state of Peru's economy. [Extracted from the article]

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