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Mexico holds interest rate steady as inflation rises

By Inquirer - 7 months ago
MEXICO CITY — Mexico’s central bank left its benchmark interest rate unchanged at 11 percent Thursday after an uptick in inflation, marking a pause after the first cut in three years in March. “The disinflation process is expected to continue,” but at the same time, “inflationary shocks are foreseen to take longer to dissipate,” the

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