MEXICO CITY, Sept. 28 (Xinhua) -- The Central Bank of Mexico (Banxico) said Thursday that despite continued inflationary pressures at home, it will maintain the key interest rate at 11.25 percent.
"With this decision, the monetary policy stance remains in the trajectory required for inflation to converge to its 3 percent target within the forecast horizon," the bank said in a statement on monetary policy.
Banxico's new forecast sees domestic inflation registering 3.1 percent starting in the second quarter of 2025.
Inflation in Mexico ended 2022 at 7.82 percent, its highest level in two decades, driven by price increases sparked globally by the COVID-19 pandemic and other factors. ■
