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Economy And The Numbers

Mexico Central Bank Cuts Rate Again On High Inflation, Weak Economy

By Jyotsna V   ✉  | Published:  | Google News Follow Us  | Join Us
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The Bank of Mexico cut its key interest for a tenth policy session in a row, on Thursday, in a bid to support the sluggish economy amid high inflation and the heightened uncertainty posed by the U.S. trade tariffs.

The Banxico Governing Board, led by Governor Victoria Rodríguez Ceja, decided to lower the target for the overnight interbank interest rate by 25 basis points to 7.50 percent, in line with expectations. The previous change was a similar reduction in August that followed four half-points cuts since the start of the year.

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