Mexico central bank holds rate, sees price spike cooling
MEXICO CITY Oct 31 (Reuters) - Mexico's central bank kept interest rates on hold on Friday and argued that a recent spike in inflation would quickly fade next year even as the economy mounts a modest recovery.
The Banco de Mexico maintained its benchmark interest rate at a record low of 3.00 percent, as expected by 15 of 16 analysts polled by Reuters. (Reporting By Alexandra Alper and Michael O'Boyle)
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