[]
The Bank of Mexico (Banxico) cut the reference interest rate by 25 basis points to place it at 10.50%.
The Banxico Governing Board decided to reduce the target for the overnight Interbank Interest Rate by 25 basis points to a level of 10.50%, with effect from September 27, 2024.
According to the bank’s specialists, the available indicators suggest that during the third quarter of 2024 the growth rate of global economic activity would have been similar to that of the previous quarter, although with heterogeneous performance between countries.
“In advanced economies, general inflation is closer to the central banks’ goals, compared to what was observed at the beginning of the year. The Federal Reserve cut its reference rate by 50 basis points. Other central banks reduced it to a lesser extent and some left it unchanged”.
With the presence of all its members, the Governing Board of the #BancodeMexico decided by majority to reduce the 1-day Interbank Interest Rate, to a level of 10.50% with effect from September 27, 2024. Consult the statement at: pic.twitter.com/NcD5gqiGyl
— Bank of Mexico (@Banxico) September 26, 2024
Related
2024-10-02 10:46:40