Central Banks
Mexico Delivers Fourth Straight Rate Cut as Inflation Slows
- Larger rate cuts could be considered in some meetings: Banxico
- Lower economic growth and slowing inflation supported decision
Shoppers browse produce at the La Merced market in Mexico City, Mexico.
Photographer: Victoria Razzo/BloombergThis article is for subscribers only.
Mexico cut interest rates for a fourth straight meeting Thursday as inflation is slowing back to target and the economy is losing momentum.
Banxico, as the central bank is known, lowered borrowing costs by a quarter-point to 10% in an unanimous decision. The move was forecast by 21 of 29 economists surveyed by Bloomberg. The remaining eight predicted that the bank would accelerate the pace of easing with a half-point cut.