The bank has released some 18 billion dollars to the exchange market since October 2008 in attempt to boost the sluggish peso.
The government also announced on Tuesday the country's economy will enter into recession this year, with a growth rate of 0.5 to 1.5 percent. Meanwhile, the inflation rate is expected to reach 4 percent.
Some 160,000 to 340,000 jobs could be lost by the end of this year, Banxico governor Guillermo Ortiz said.
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