US EditionCentral Bank Slows Rate Cuts, but Still Brings Interest Rate to a 3-Year Low
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30 Articles
Central bank slows rate cuts, but still brings interest rate to a 3-year low
Mexico’s central bank slowed its pace of monetary easing Thursday, cutting its benchmark interest rate by 25 basis points after four straight 50-basis-point cuts this year. Still, the 4-1 vote lowered the rate to a three-year low of 7.75%. The decision to cut the rate by only 25 basis points was largely expected after the five-member governing board indicated that smaller reductions were likely. Deputy Governor Jonathan Heath was the lone disse…
The Bank of Mexico (BdeM) decided by a majority to reduce its reference interest rate by a quarter of a percentage point by 7.75 percent, thus moderating the magnitude of its cuts after accumulating four consecutive half-point losses.
The Mexican peso operated under pressure this Thursday, after the last reading of inflation in Mexico slowed down and the Bank of Mexico (Banxico), aligned to market expectations, chose to reduce its benchmark interest rate by 25 points.After this, the Mexican currency presented a depreciation of 0.21 percent or 2.26 cents, with respect to its closure yesterday; the exchange rate was 18.63 pesos per dollar, according to the closure of the Banxic…
The Bank of Mexico has slowed its flexibility around monetary policy. The Governing Board of the central bank has reduced interest rates by 25 basis points and puts the reference rate at 7.75%, relaxing its aggressive rate reduction. “The Governing Board judged it appropriate to continue with the cycle of declines in the reference rate. This is consistent with the assessment of the current inflationary landscape,” the agency points out. Continue…
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