Aug 8, 07:03 PM

Mexico Central Bank Cuts Interest Rate to 10.75% in Divided Vote

Mexico's central bank, Banxico, has lowered its benchmark interest rate by 25 basis points to 10.75% from 11.00%. This decision, made in a divided vote, marks the first rate cut since March. The move comes as policymakers prioritize economic growth concerns over recent inflationary pressures. The central bank's board was not unanimous in the decision, with three members voting for the rate cut and two members voting to maintain the rate at 11%. The decision reflects a shift in focus towards addressing the threat of slowing economic growth.

#Mexico #Banxico

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