Banxico cuts rates by 25bp to 7.5%
Mexican central bank follows in Fed’s footsteps and signals intent for more easing
The Bank of Mexico (Banxico) has reduced its policy rate by 25 basis points despite a slight increase in inflation, as the country’s economy exhibits sluggishness.
In a 4–1 vote, Banxico’s monetary policy committee (MPC) brought the overnight interbank interest rate to 7.5%. The decision, which followed a rate cut of the same amount by the US Federal Reserve on September 17, was in line with market expectations.
Headline inflation ticked up to 3.57% in August from 3.51% the previous month. Core
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