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
