November 15, 2019
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
Banxico lowers the benchmark lending rate by 25 bps to 7.5% in the third cut in a row