Mexico Cuts Rate to 9%, Points to More 50 Basis Point Cuts [Yahoo! Finance Canada]
Ford Motor Company (F)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Banxico, as the central bank is known, reduced borrowing costs to 9%, delivering the second straight half-point cut after months of smaller monetary policy adjustments. The move was expected by 29 of 30 economists surveyed by Bloomberg. The bank board, whose decision was unanimous, indicated in its statement that more cuts of “similar magnitudes” are a possibility. “We still don't know what's going to happen with the commercial relationship between the United States and Mexico,” said Janneth Quiroz Zamora, director of economic research at Monex Casa de Bolsa, before the decision. “We don't have certainty, but decisions have to be made based on the data we have up until this moment.” Mexico braced i
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