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Mexico cenbank unanimous in keeping rates on hold, eyes risks to growth
December 20, 2013 / 3:20 PM / 4 years ago

Mexico cenbank unanimous in keeping rates on hold, eyes risks to growth

MEXICO CITY, Dec 20 (Reuters) - Mexico’s central bankers were unanimous in their decision to hold interest rates at a record low earlier this month, minutes released on Friday showed, but policymakers warned about persistent risks to growth.

Central Bank board members voted 5-0 at their Dec 6 meeting to hold their benchmark rate at 3.50 percent after cuts in October and September that were aimed at countering a sharp slowdown in Latin America’s no. 2 economy.

A majority of the board also said there was a risk of exchange rate depreciation due to financial market volatility.

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