Bank of Mexico cuts again as growth remains sluggish
Board says economic weakness is likely to persist
The Bank of Mexico has cut its policy rate for the fourth time this year, as inflation remains subdued and growth weak.
On December 19, the governing board voted for a 25 basis point cut, bringing the main rate to 7.25%. One board member voted instead for a 50 basis point cut.
“The weakness that economic activity has been exhibiting for several quarters is expected to persist,” the board says in its policy statement. Policy-makers called on the government to implement measures to “foster an
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