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MNI BRIEF: Banxico Unanimously Cuts 25BP To 10.25%

Mexico's central bank monetary policy decision was released on Thursday.

MNI (BRASILIA) - The Central Bank of Mexico reduced its overnight interbank interest rate Thursday by 25 basis points to 10.25%, the third straight reduction and the first unanimous decision since May.

"The Board expects that the inflationary environment will allow further reference rate adjustments. It will consider the prospects of global shocks continuing to fade and the effects of the weakness in economic activity," the bank said in a statement. Banxico expects headline inflation to converge to the 3% target in the fourth quarter of 2025.

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MNI (BRASILIA) - The Central Bank of Mexico reduced its overnight interbank interest rate Thursday by 25 basis points to 10.25%, the third straight reduction and the first unanimous decision since May.

"The Board expects that the inflationary environment will allow further reference rate adjustments. It will consider the prospects of global shocks continuing to fade and the effects of the weakness in economic activity," the bank said in a statement. Banxico expects headline inflation to converge to the 3% target in the fourth quarter of 2025.

Keep reading...Show less