Mexico reduces rates again

Mexico reduces rates again

Economy & Policy Bonds Fixed Income Loans Regulation Politics Mexico

Mexico's central bank, known as Banxico, lowered interest rates for the third time in a row on Thursday, citing economic stagnation and stable inflation. In a split vote of three to two, the bank's monetary policy committee decided to lower the rate by 25 basis points to 7.5%. Two members voted to cut the rate to 7.25%, the bank said in a statement. "The current environment continues to pose significant risks that could affect the country's macroeconomic conditions, its ability to grow and the e

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