Mexico central bank holds interest rate, flags worsening growth

Economy

Mexico's central bank held borrowing costs steady on Thursday, flagging a weaker growth outlook after aggressively hiking rates in its prior decision to keep a depreciated peso from hitting inflation.

The Banco de Mexico left its key rate at 4.25 percent, as expected by all 17 analysts surveyed by Reuters last week, after a unanimous 50-basis-point hike in June.

Source by Reuters