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Mexico cuts interest rates amid slowdown

Friday, November 15, 2019


For the third meeting in a row, Mexico’s central bank voted to cut borrowing costs, lowering its key interest rate by 25 basis points to 7.50 percent and flagging that the economic growth outlook had likely worsened in recent months.

Still, two of the bank’s five-member board voted to cut the benchmark rate by 50 basis points, Reuters reports.