The Bank of Mexico has reduced its overnight interest rate by 25 basis points from 11.25% to 11.00%, marking its first rate cut since 2021 in a hawkish move. This decision, made by a four to one vote by its governing board, follows a similar action by the Swiss National Bank, suggesting a coordinated effort among central banks to lower rates amidst ongoing inflation concerns. Despite this rate cut, the bank has noted that inflation risks remain "biased to the upside," indicating cautious optimism in its monetary policy approach. This move places Mexico within a regional trend of monetary easing as inflation shows signs of slowing.
Mexico’s central bank cut interest rates for the first time since 2021 in a split decision, finally joining a regional trend for monetary easing as inflation slows. The bank cut its key rate a quarter point to 11% https://t.co/pjpKoparHP With @mayaaverbuch @michaelob_mex
⚠️ BANK OF MEXICO CUTS KEY INTEREST RATE 25 BASIS POINTS TO 11% Full Story → https://t.co/uU423WaI6v The Bank of Mexico cut its benchmark interest rate by 25 basis points to 11.00% on Thursday, in a four to one decision by its governing board, marking the first rate reduction…
Mexico delivered a much-awaited interest rate cut, joining regional peers that have been easing monetary policy, as inflation slows toward its target. https://t.co/pL3QBthQQk
Mexico Cuts Key Interest Rate for First Time Since 2021 https://t.co/LESzuXULPL
The Swiss National Bank and the Bank of Mexico both cut interest rates today
Banxico finally reduces its key interest rate to 11%, delivering a "hawkish" 25bps cut while saying inflation risks remain "biased to the upside" via @mayaaverbuch @economics https://t.co/Ww7ZrwqeWo
*MEXICO CENTRAL BANK CUTS OVERNIGHT RATE TO 11.00% FROM 11.25% It's like central banks agreed at the last Tower of Basel meeting to just cut this year, damn the inflation
The Mexico Central Bank has cut interest rates, following the Swiss National Banque
MEXICO CENTRAL BANK CUTS OVERNIGHT RATE TO 11.00% FROM 11.25%
🇲🇽 *MEXICO CENTRAL BANK CUTS OVERNIGHT RATE TO 11.00% FROM 11.25%