Mexico’s central bank cuts interest rates as economy slows

Quick Summary:

In March, Banxico became the last major central bank in the region to start cutting rates.

The Bank of Mexico’s board voted 3-2 to cut the benchmark rate to 10.75 per cent.

The bank said a future inflationary environment may allow discussion of further cuts and that it will take into account that “global shocks will continue fading and the impact of weak economic activity.

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Article Details

Author / Journalist: Christine Murray

Category: MarketsFinanceInvesting

Markets: United StatesMexico

Topics: Financial Inflation Peso Rate Bank Central Been Cent Economic Mexico’s Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 21:09:22 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 713 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 21992197

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Official Website: ft.com

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