Mexico Eases Monetary Tightening as Inflation Cools
The Bank of Mexico has reduced its benchmark interest rate by 50 basis points to 9.50% following a decline in inflation, with potential for further cuts. The rate change was decided by a non-unanimous vote from the bank's governing board.
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The Bank of Mexico has reduced its benchmark interest rate by 50 basis points to 9.50% in response to easing inflationary pressures. This move indicates potential further rate cuts in upcoming monetary policy meetings.
The central bank's decision reflects a strategic response to the current economic climate, aiming to stimulate growth as inflation shows signs of cooling.
However, the decision by the central bank's five-member governing board was not unanimous, indicating differing views on the optimal pace and magnitude of monetary policy adjustment.
(With inputs from agencies.)
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