He Bank of Mexico (Banxico) reduced by a quarter of a percentage point the interest rate reference to place it at 10%, the fifth consecutive cut this year.
The governing board “unanimously decided to reduce the target for the overnight Interbank Interest Rate by 25 basis points to a level of 10%,” a report detailed.
Although the central bank warns that the inflation outlook “still warrants a restrictive stance,” the evolution it has presented favors continuing with the rate cut.
You might be interested in: Banco de México announces new interest rate cut
“General inflation fell from 4.76 to 4.55% (annual) between October and November,” he explained.
Banxico maintains its expectation of reaching the inflation goal of 3% by the fourth quarter of 2025.
Regarding the state of the global economy, the report indicates that there are risks “of possible policies that reverse global economic integration,” aggravate geopolitical tensions, prolong inflationary pressures and unleash volatility in financial markets.
You might be interested in: Tourism GDP grew 4.4% during 2023
He said that Mexico remains expectant Donald Trump.
leo