Banxico Cuts for Third Meeting as Core Inflation Slows [Yahoo! Finance]
Wells Fargo & Company (WFC)
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Source: Yahoo! Finance
Most Read from Bloomberg Under Trump, Prepare for New US Transportation Priorities Zimbabwe City of 700,000 at Risk of Running Dry by Year-End Saudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency Sace The Urban-Rural Divide Over Highway Expansion and Emissions NYC Congestion Pricing Plan With $9 Toll to Start in January Banxico, as the central bank is known, reduced borrowing costs by a quarter-point to 10.25% in a unanimous decision on Thursday. The move was forecast by 25 of 27 economists surveyed by Bloomberg. Two of them saw policymakers holding the rate at 10.5%. “Looking ahead, the Board expects that the inflationary environment will allow further reference rate adjustments,” policymakers wrote in a statement accompanying their decision. “It will consider the prospects of global shocks continuing to fade and the effects of the weakness in economic activity.” Two years of double-digit interest rates have cooled core inflation back to within B
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News
- Banxico Cuts for Third Meeting as Core Inflation Slows [Yahoo! Finance Canada]Yahoo! Finance Canada
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