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MNI WATCH: Banxico Hints At More Rate Cuts After Split Vote

(MNI) BRASILIA
Mexico's central bank lowers interest rates by a quarter point to 10.75% but two voters dissented.

MNI (BRASILIA) - Mexico's central bank signaled the possibility of another rate cut in September after reducing its overnight interbank interest rate by 25 basis points to 10.75% Thursday, saying in its policy statement that the current inflationary environment might allow for additional easing moves in the future.

Thursday's decision was split, with governor Victoria Rodríguez and deputy governors Galia Borja and Omar Mejia in favor of the rate cut, and deputy governors Irene Espinosa and Jonathan Heath voting to hold borrowing costs at 11%. 

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MNI (BRASILIA) - Mexico's central bank signaled the possibility of another rate cut in September after reducing its overnight interbank interest rate by 25 basis points to 10.75% Thursday, saying in its policy statement that the current inflationary environment might allow for additional easing moves in the future.

Thursday's decision was split, with governor Victoria Rodríguez and deputy governors Galia Borja and Omar Mejia in favor of the rate cut, and deputy governors Irene Espinosa and Jonathan Heath voting to hold borrowing costs at 11%. 

Keep reading...Show less