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Bank of Mexico Lowers Rates Amidst Inflation Concerns
33 Articles
33 Articles
Central bank cuts interest rate to lowest point in nearly 3 years
Mexico’s central bank lowered its benchmark interest rate by 50 basis points in a split vote on Thursday, while leaving the door open for further cuts. The decision by the Bank of Mexico, or Banxico, was largely expected and is the fourth straight half-point reduction, bringing the rate to 8.0%, its lowest level in nearly three years. Interest rates in Mexico The five-member board of governors voted 4-1 to cut the overnight interest-rate, with D…
The Board of Government of the Banco de México (BdeM) cut its reference interest rate by half a percentage point yesterday to take it to 8 percent, its lowest level in three years. Thus, the central bank continued its cycle of rate decline, despite the increase in inflation.
The Bank of Mexico (Banxico, central) cut its benchmark rate by 50 points on Thursday, June 26, in order to place it at 8% in the face of the weakness of the country's economy, resulting from global trade tensions.A statement from the dependence details that changes in US trade policies have “added uncertainty” around the forecasts of the local economy, the second largest in Latin America after Brazil.
Bank of Mexico Cuts Key Interest Rate to Near Three-Year Low
The Bank of Mexico continues its less restrictive stance. The Central Bank’s Governing Board has decided to lower interest rates by 50 basis points and put the reference rate at 8% and does not rule out continuing cuts in subsequent months. The institution has continued with an aggressive rate reduction in the face of the weakness of the Mexican economy, the exchange rate behavior, and the possible impact of trade policy changes at the global le…
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