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Saturday, March 23, 2024

Bank of Mexico Cut Interest Rate, Too

Mexico’s overnight interbank interest rate has been sliced to 11.0% from 11.25%. This is the first reduction since February 2021, when the rate settled in at a pandemic low of 4.0% that would last only four months. After increases totaling 150 basis points during the final seven months of 2021, 500 bps in 2022, and […]

* This article was originally published here

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