Banxico unexpectedly cut rates by 25 basis points to 6.75%
Banco de Mexico, known as Banxico, unexpectedly cut the country’s main interest rate from 7% to 6.75% on Thursday on a 3-2 vote, with Deputy Governors Jonathan Heath and Galia Borja voting to keep interest rates unchanged.
Banco de Mexico, known as Banxico, unexpectedly cut the country’s main interest rate from 7% to 6.75% on Thursday on a 3-2 vote, with Deputy Governors Jonathan Heath and Galia Borja voting to keep interest rates unchanged.
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