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LatinNews Daily - 19 August 2019

In brief: Experts consider Mexico’s cut in interest rate “adequate”

* Economist Gabriela Siller, an economics professor at the private Instituto Tecnológico y de Estudios Superiores de Monterrey, and director of analysis at Mexican bank Banco Base, has described the recent decision by Mexico’s central bank (Banxico) to reduce its benchmark interest rate to 8% from 8.25% as “adequate”. In an interview with Spanish newswire EFE she said Banxico’s recent decision “can boost productive investment without generating other pressures, including [with regard to] the exchange rate”. However, Siller points out that the impact isn’t likely to be immediate, noting that in general “monetary policy begins to have an impact three to six months later”.

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