US EditionBank of Mexico Lowers Rates Amidst Inflation Concerns
28 Articles
28 Articles
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…
Bank of Mexico Lowers Rates Amidst Inflation Concerns
The Bank of Mexico reduced its benchmark interest rate by 50 basis points to 8.0%, despite ongoing inflation above its target range. The decision, reflecting a divided governing board, underscores the central bank's efforts to balance economic growth with inflation control.
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