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Mexico's central bank cuts interest rate by 0.25% due to improved economy and lower inflation.
Mexico's central bank, Banxico, reduced its benchmark interest rate by 0.25% to 7.75%, reflecting improved economic growth and lower inflation rates.
Headline inflation fell to 3.51% in July, though core inflation remained steady at 4.23%.
The bank aims to reach its 3% inflation target by the third quarter of 2026, supporting economic recovery while managing global risks and uncertainties.
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El banco central de México recorta la tasa de interés en un 0,25% debido a la mejora de la economía y la menor inflación.