BdeM sets its reference interest rate at 10.75%

BdeM sets its reference interest rate at 10.75%

Mexico City. The governing board of the Bank of Mexico (BdeM) decided on Thursday to reduce its reference interest rate by a quarter of a percentage point to 10.75 percent. The decision was divided, as two members voted to keep it unchanged. The rate that determines the cost at which businesses and families in Mexico … Read more

BdeM surprises with rate cut despite price increase

BdeM surprises with rate cut despite price increase

Mexico City. The governing board of the Bank of Mexico (BdeM) decided on Thursday, in a split decision, to cut its reference rate by a quarter of a point to leave it at 10.75 percent. It stressed that the monetary stance will continue to be restrictive, in line with the commitment to lead inflation to … Read more