Banxico reduced rates from 7.25% to 7% as widely expected
The Bank of Mexico, known as Banxico, reduced rates by 25 basis points as expected on Thursday at its December policy meeting with a 4-1 vote split, as Deputy Governor Jonathan Heat continues to dissent on the board, as he wanted to keep the main reference rate unchanged.
The Bank of Mexico, known as Banxico, reduced rates by 25 basis points as expected on Thursday at its December policy meeting with a 4-1 vote split, as Deputy Governor Jonathan Heat continues to dissent on the board, as he wanted to keep the main reference rate unchanged.
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