Weekly Report - 31 October 2013 (WR-13-43)

MEXICO | Banxico cuts interest rate to historic low. On 25 October Mexico’s central bank (Banxico) decided to cut its benchmark interest rate by 25 basis points from 3.75% to 3.50%, a new historic low. The decision was announced after Banxico’s October monetary policy meeting. The rate cut was widely expected by local analysts given the weaker-than-expected economic figures posted by the domestic economy since the start of the year on the back of weaker domestic demand [WR-13-41].

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