Bank of Mexico makes further rate cut
In August, the central bank made it first rate cut for five years
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
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