Mexico Cuts Again

Mexico Cuts Again

Mexico Economy & Policy

Mexico’s central bank cut rates 25 basis points Friday, taking interest rates from 3.75% to 3.50%, largely in line with market expectations. However, it did surprise the markets with language suggesting the cut would be the last for a while. This month’s decision, which followed a 25bp cut that surprised the markets last month, takes into consideration factors including weakness in the global economy, the US Federal Reserve’s actions and slower-than-expected growth in emerging economies. “The fo

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