September 25, 2020
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
Central bank lowers the overnight rate by 25 basis points to 4.25% in a time of lingering uncertainty