Bank of Mexico cuts interest rate, aiming to balance inflation and economic stability.

The Bank of Mexico lowered its benchmark interest rate by 25 basis points to 10.25%, marking the fourth cut this year. This decision reflects progress in managing inflation, which remains above the 3% target but has shown signs of easing. Despite the rate cuts, the Mexican peso has weakened, raising concerns about its impact on the economy. Further reductions will depend on inflation trends and the peso's performance. The central bank aims to stabilize the currency and maintain low inflation.

November 14, 2024
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