Bank of Mexico Lowers Interest Rate Amid Easing Inflation

The Bank of Mexico reduced its benchmark interest rate by 25 basis points for the second consecutive time, influenced by the U.S. Federal Reserve's recent aggressive rate cut and easing inflation. The decision was made by the central bank's five-member governing board but was not unanimous.

The Bank of Mexico has once again lowered its benchmark interest rate by 25 basis points, marking the second consecutive reduction.

This decision comes as inflation shows signs of easing and follows the significant rate cut by the U.S. Federal Reserve earlier this month.

It is noteworthy that the five-member governing board of the central bank did not reach a unanimous decision.

(With inputs from agencies.)