Bank of Mexico makes further rate cut

The Bank of Mexico’s governing board opted to continue its process of monetary easing in a decision on September 26.

A majority of the five-member board voted to cut the policy rate a further 25 basis points, to 7.75%. Two members voted instead for a 50 basis point cut. On August 16, the board had voted to cut rates for the first time in five years, bringing to an end a lengthy tightening cycle.

In a statement on the latest decision, board members noted the recent drop in inflation, the “ample