Mexico’s central bank holds interest rates steady

MEXICO CITY, July 16 (BestGrowthStock) – Mexico’s central bank left
bank lending rates at a 6-1/2-year low to boost the still weak
economy but it said factory exports were growing quickly and
consumer spending showed signs of improvement.

The central bank said on Friday it was leaving its target
for overnight bank lending at 4.5 percent.

The decision to keep the rate steady was unanimously
expected by 20 economists consulted in a Reuters poll.
(Reporting by Jason Lange; Editing by James Dalgleish)

Mexico’s central bank holds interest rates steady