Mexico Keeps Key Rate at Record Low 3% After Forecasts Cut

Mexico’s central bank kept borrowing costs unchanged at a record low for an eighth straight meeting after reducing its growth forecast for Latin America’s second-biggest economy.

Mexico Lowers 2015 Growth Forecast After Oil Production Decline

Mexico’s government cut its forecast for growth this year, two days after a similar reduction by the central bank, as the economy posted its biggest month-on-month decline in almost two years.

Mexico Central Bank Holds Rates Despite Pressure on Currency

Mexico’s central bank remained on hold Friday despite the recent currency turmoil in emerging markets and higher local inflation, but warned that it will remain watchful to keep the recent depreciation of the peso from affecting prices.

Mexico Rate in Line for Now With Inflation Target, Carstens Says

Mexico’s key interest rate, cut to a record low in March, is in line with the central bank’s goal of lowering annual inflation to 3 percent as the peso weakens amid slower growth, central bank Governor Agustin Carstens said.

Mexico Holds Key Rate as Weaker Peso Undermines CPI Gains

Mexico’s central bank kept its overnight rate at a record low as policy makers balance slowing growth with above-target inflation and a weakening currency in Latin America’s second-biggest economy.

Mexico Holds Key Rate as Inflation Clashes With Weak Growth

Mexico’s central bank kept its overnight rate at a record low as above-target inflation limits the room to stimulate a slowing economy.

Mexico Unexpectedly Cuts Key Rate for First Time Since 2009

Mexico’s central bank unexpectedly cut its benchmark interest rate for the first time since 2009 as inflation remains within the target range and growth slows.

Mexico Oil Hedging Costs Rose 44 Percent Last Year

Mexico, the third-largest supplier of oil to the U.S., paid $1.17 billion last year to lock in prices for 2012 exports at $85 a barrel, a 44 percent increase compared to hedging costs paid the previous year.

October Rate Cut Prediction Shows U.S. Slump Spilling Over: Mexico Credit

Mexico will follow Brazil and Turkey in cutting interest rates next month to help shield the economy from a slowdown in the U.S., swaps trading shows.

Yields on futures contracts for October, known as TIIE, sank 11 basis points in the past month to 4.73 percent, indicating traders expect central bank Governor Agustin Carstens to lower the benchmark 4.5 percent rate when the board meets Oct. 14. Those wagers signal a reversal for traders who expected as recently as Aug. 25 that Carstens’s next move would be to raise borrowing costs from a record low.

Mexico Prices Unexpectedly Fell 0.05% in First Half of June Led by Food

Mexico’s consumer prices unexpectedly declined in the first half of June, dragged down by food and beverage costs in Latin America’s second-biggest economy.

Prices fell 0.05 percent in the first two weeks of the month, the central bank said in a report posted on its website today. Economists forecast a 0.11 percent rise, according to the median estimate of 14 analysts surveyed by Bloomberg.