The Bank of Mexico extended its monetary easing cycle with an 11th consecutive cut in its benchmark interest-rate, and kept the door open to more reductions in the future
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The Bank of Mexico extended its monetary easing cycle with an 11th consecutive cut in its benchmark interest-rate, and kept the door open to more reductions in the future
The Bank of Mexico has made a significant move by extending its monetary easing cycle, marking the 11th consecutive cut in its benchmark interest rate, now set at 7.25%. This decision not only reflects the bank's commitment to supporting economic growth but also signals the possibility of further reductions in the future. Such measures can help stimulate investment and consumer spending, which are crucial for the country's economic recovery.
— via World Pulse Now AI Editorial System
