Latest Breaking News On - காலியா போர்ஜ - Page 1 : comparemela.com
Divided central bank votes to raise interest rate a quarter point
mexiconewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mexiconewsdaily.com Daily Mail and Mail on Sunday newspapers.
Mexico central bank minutes show newest board member s doveish thinking
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
UPDATE 1-Mexico central bank minutes show newest board member s doveish thinking
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
USD/MXN Bounces as Bank of Mexico Elects to Cut Rates by 0.25%
2021-02-11 19:00:00
Brendan Fagan,
Izaac Brook,
Bank of Mexico cuts rates by 25 bps to 4.00% in a unanimous decision
Rate cut comes as Mexican economy struggles and remains frail
USD/MXN bounced in immediate trade following the release
Advertisement
The Bank of Mexico unanimously decided to cut interest rates by 25 bps to 4.00% after meeting on Thursday. The decision was in line with expectations, as a cut of 25 bps was foreseen as extremely likely given recent economic weakness in Mexico. The rate cut comes as the Mexican economy experienced its worst year since the Great Depression, with economic activity declining by 8% as a result of the pandemic.