Mexico's central bank, Banxico, reduced its key interest rate by 0.25% to 11%.
Mexico's central bank, Banxico, reduced its key interest rate by 0.25% for the first time since 2021, bringing it down to 11%. The decision follows a slowdown in inflation and an upbeat outlook for the economy. This marks the first easing of monetary policy in Latin America's second-largest economy, and future adjustments will be evaluated one at a time, according to Central Bank Governor Victoria Rodriguez Ceja.
March 21, 2024
21 Articles