US EditionMexico’s Central Bank Taps Brakes on Interest Rates With Quarter-Point Cut
25 Articles
25 Articles
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…
It was made clear that it will evaluate future reductions with caution, depending on how inflation, consumption and exchange rate evolve. By: Roberto Mendoza The Bank of Mexico reduced its reference interest rate by 25 basis points, placing it at 7.75 %. It is the ninth consecutive cut, but also the most moderate of the year, suggesting a prudent turn against inflation that, although falling, is not yet under control. The decision was not unanim…
This is the first reduction of this magnitude so far this year, after four consecutive cuts of 50 base points. Banxico's entry slows down and sets the interest rate at 7.75 % was first published in La Voz de Michoacán.
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