Friday , 7 February 2025
Home Forex Banxico cuts rates by 50 bps to 9.50% as expected
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Banxico cuts rates by 50 bps to 9.50% as expected

The Banco de Mexico (Banxico) lowered interest rates by 50 basis points (bps) as expected by analysts, though the decision was not unanimous as Deputy Governor Jonathan Heath voted for a 25-bps rate cut.

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