Mexico cuts rates for first time in five years

The Bank of Mexico
Daniel Hinge

The Mexican central bank lowered its policy rate for the first time in over five years on August 16.

The Bank of Mexico reduced the overnight rate by 25 basis points to 8%, citing downside risks inflation and weak first-half GDP growth.

A recent report from the Dallas Fed, which regularly monitors the Mexican economy, shows Mexico has had the weakest first-half growth in six years. The report also notes weaker export growth, falling production and June job growth near zero. 

The Bank of

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