Archive for September 8th, 2013

Central Bank Watch

Unexpected Mexican Interest Rate Cut

September 8, 2013

The Bank of Mexico’s benchmark interest rate was cut to 3.75% from 4.0%, a level that had prevailed for the prior half-year.  A 50-basis point cut on March 8 had been the first reduction since July 2009.  Officials are gambling that this easing will not expose the peso to excessive selling pressure.  A statement from […] More