The Mexico Bank reduced its reference interest rate for 25 percentage points yesterday, to 7.75 percent.
This is the lowest level of mid 2022. Years.
This move is mostly expected from the market after the Steering Board of the Mexican Central Bank signaled in its last meeting to go to smaller reductions after four consecutive lowering points, reuters passed.
The decision of the Bank’s five-member board to reduce the interest rate did not support only Deputy Governor, the FINANCE BA transfer.
The official data earlier today showed that the annual inflation in Mexico slowed down in September to 3.5 percent. This is the lowest level from the end of 2020. years. Banksiko, as the famous Bank of Mexico, targets inflation into three percent, plus or minus one percentage point.
