Bucking expectations, Banxico lowers the interest rate, despite some inflation concerns
GlobeAlert Desk · curated from Mexico News Daily · North America
The central bank's majority opted for a balancing act, cutting the interest rate from 6.5% to 6.25% as an ecoomy boost, while assuming that recent brakes on inflation will hold, despite raising their 4Q headline inflation forecast from 3.5% to 3.7%. The post Bucking expectations, Banxico lowers the interest rate, despite some inflation concerns appeared first on Mexico News Daily
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