Banxico cuts rate to 6.50 percent ending easing cycle
The Bank of Mexico reduced its benchmark interest rate by 25 basis points in a split 3-2 decision on Thursday. Policymakers indicated that the reference rate will likely remain at this level for the foreseeable future as they balance inflation concerns with a slowing economy.
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Mexico's central bank cut its benchmark interest rate by 25 basis points to 6.50% in a split decision on Thursday. The 3-2 vote marks the end of a two-year easing cycle to balance slowing growth with inflation risks.
