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The Bank of Mexico is debating whether to continue its rate-cutting stance.
Mexico's inflation reached an 18-month high in March, surprising policymakers.
KEY POINTS
- Banxico's board is split over whether to continue or pause interest rate cuts.
- March meeting minutes reveal heated debate about inflation risks versus economic weakness.
- Rising oil prices from Middle Eastern conflicts are influencing Banxico's policy discussions.
- Analysts now expect Banxico to pause rate cuts unless inflation clearly subsides.
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