VIDEO: Mexico Central Bank Seen Holding Interest Rate Steady In July
Mexico's central bank is likely to hold its main interest rate steady at a record low next Friday to support a rocky economic recovery after a surprise rate cut last month. All 24 analysts surveyed by Reuters expect the central bank to hold its main interest rate at 3.00 percent on July 11. Mexico unexpectedly slashed interest rates by 50 basis points in June, saying the sluggish economy gave it room for a one-off cut to spur growth without fanning inflation pressures.