Bank of Mexico lowers key rate to 5%

2020-06-25T21:31:56.067Z

The Board of Governors of the Bank of Mexico has decided to reduce the key rate to 5%.This is stated on the website of the Mexican regulator. "Given the risks to inflation, economic activity and financial markets ... The Board of Governors unanimously decided to lower the target indicator for the interbank overnight interest rate by 50 basis points to 5%," the statement said. Earlier, the Central Bank lowered its key rate to 4.5%. An economist and political scientist Nikita Masl...