Banxico Seen Cutting Again Despite Faster Inflation

Mexico’s central bank will likely deliver its last interest rate cut of the year in a bid to boost a sluggish economy despite faster-than-expected inflation last month.

All 27 economists surveyed by Bloomberg expect the bank to reduce its benchmark interest rate by a quarter point to 7% on Thursday, marking the 12th consecutive cut. The bank’s determination to steadily lower borrowing costs has coincided with a period of pronounced economic slowdown.