Central Bank of Mexico cuts rates for first time in four years

the world

The Bank of Mexico cut its benchmark interest rate by 50 basis points to 4% today, marking its first adjustment in almost four years and bucking an Americas-wide trend this week to hold rates steady.

The Mexican central bank board of governors cited reduced domestic demand and a slack labour market, characterised by rising unemployment, as the motivation behind the first rate change since July 2009.

Inflation increased to 3.55% in February and will continue to climb to around 4%, the central ban

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: