Business & Finance
Mexico Unexpectedly Cuts Interest Rate to Four-Year Low of 6.25%
Key Points
Central Banks Mexico Unexpectedly Cuts Interest Rate to Four-Year Low of 6.25% Mexico unexpectedly cut interest rates to a four-year low as spare capacity in the economy gave the central bank room to resume monetary easing. The central bank lowered its key rate a quarter percentage point to 6.25%, its lowest since early 2022. Three of the five-member board backed the decision, while two voted for a hold.
Central Banks
Mexico Unexpectedly Cuts Interest Rate to Four-Year Low of 6.25%
Mexico unexpectedly cut interest rates to a four-year low as spare capacity in the economy gave the central bank room to resume monetary easing.
The central bank lowered its key rate a quarter percentage point to 6.25%, its lowest since early 2022. Three of the five-member board backed the decision, while two voted for a hold.