Banxico, as the central bank is known, voted to hold the key rate at 11.25% on Thursday, matching the forecasts of all 23 economists surveyed by Bloomberg
The five-member board of Banco de Mexico emphasized it will remain cautious before considering lowering rates from 11.25% given the inflationary outlook
The official exchange rate reached $350 per US dollar this Monday, up from $287 on Friday, while the monetary authority is attempting to get ahead of market volatility