MEXICO CITY (Reuters) -The Bank of Mexico lowered its benchmark interest rate by 25 basis points on Thursday, bringing the rate to 7.50%.

The Bank of Mexico lowered its benchmark interest rate by 25 basis points on Thursday, bringing the rate to 7.50%.

Mexico’s central bank (Banxico) lowered its benchmark interest rate on Thursday, to its lowest level since May 2022.

Bank of America projects Banxico will implement rate cuts at every upcoming policy meeting, with its economist Carlos Capistran forecasting the benchmark rate to reach 7.00% by the fourth quarter of ...

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