5 days ago
Mexico's Central Bank Taps Brakes on Interest Rates With Quarter-Point Cut
Mexico's central bank slowed the pace of monetary easing by reducing its benchmark interest rate by a quarter percentage point, instead of continuing with a recent string of half-point cuts.
The smaller reduction of the key lending rate comes at a time of slowing growth in Latin America's No. 2 economy, and as headline inflation cools but core inflation remains sticky above the bank's target range.
