Mexico Central Bank Keeps Overnight Rate Unchanged

The Bank of Mexico is keeping its interest rates steady at 7%, as expected, due to easing inflation pressures in early September. Economists predict no rate hikes this year or next. The dollar-peso exchange rate shows minimal reaction, aligning with the ongoing trend of a weaker dollar since the year's start. Much of this was already anticipated by the market.

What is the current interest rate set by the Bank of Mexico?

• 8%

• 7%

• 6%

• 5%

Why do economists believe there is no need to raise interest rates this year?

• Inflation pressures have increased

• Inflation pressures have eased

• The economy is shrinking

• The peso is strengthening

How has the dollar-peso exchange rate reacted to the Bank of Mexico's decision?

• It has become highly volatile

• It has shown little reaction

• It has weakened significantly

• It has strengthened significantly

What trend has been observed with the dollar since the beginning of the year?

• A stronger dollar

• A weaker dollar

• A stable dollar

• A volatile dollar

What was the market's reaction to the Bank of Mexico's decision to hold rates?

• A significant market rally

• A major market downturn

• Minimal market reaction

• Increased market volatility