Mexico cuts interest rates again

Mexico cuts interest rates again

Economy & Policy Regulation Coronavirus Mexico

Mexico's central bank said Thursday that it cut its benchmark lending rate by 25 basis points to 4.25%, citing "narrow" room to maneuver monetary policy as inflation rose and the economy began to recover from the sharp slump earlier this year. Inflation rose to 4.1% in the first two weeks of September from 3.62% in July, but it is expected to return to roughly 3% in the next 12 to 24 months, Banco de México said in a press release. In addition, the Mexican peso gained ground against the US dolla

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial