Mexican central bank cuts key interest rate 50 basis points to 4.5% By Reuters

Mexican central bank cuts key interest rate 50 basis points


© Reuters. FILE PHOTO: The logo of Mexico’s Central Bank (Banco de Mexico) is seen at its building in downtown Mexico City

MEXICO CITY (Reuters) – Mexico’s central bank on Thursday cut its key interest rate by 50 basis points to 4.5% in a majority decision by its five board members, bringing the rate to its lowest level in four years, in line with analyst estimates.

One board member voted to reduce the rate by 25 basis points to 4.75%, the central bank said.

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