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Mexico's central bank cuts benchmark interest rate to 10.75% in divided vote https://t.co/tNAmHKwMd2 https://t.co/5PhQpxIG9H
🔵 MEXICO'S CENTRAL BANK CUTS BENCHMARK INTEREST RATE TO 10.75% IN DIVIDED VOTE Full Story → https://t.co/cfdza8Rjpa Mexico's central bank lowered its benchmark interest rate to 10.75%, the monetary authority announced on Thursday, in a divided vote that cut the key borrowing… https://t.co/MtYnHyip3k
Mexico's Banxico cuts rates by 25 bps Mexico’s central bank cut its benchmark interest rate for the first time since March and said it would consider additional reductions as policymakers look past the recent inflation spike to focus on threats to economic growth. Banxico, as… https://t.co/OVhCtIGx3H
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.
