By CentralBankNews.info
Mexico’s central bank held its policy rate steady at 3.50 percent, as expected, but said it would remain alert to any impact on inflation from the government’s tax reform.
The Bank of Mexico, which has cut rates three times this year for a total reduction of 100 basis points, also said it would be “vigilant” to the inflationary effects of economic activity and the relative monetary stance of Mexico versus the United States in order to achieve its inflation target.