End of preview - This article contains approximately 102 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Daily - 15 November 2019
In brief: Mexico’s central bank cuts benchmark interest rate
* Mexico’s central bank (Banxico) has voted to cut its benchmark interest rate by 25 basis points to 7.50%, highlighting that the domestic economic growth outlook had likely worsened in recent months. This is the third slashing of the benchmark interest rate by Banxico this year. The latest figures from Mexico's national statistics institute (Inegi) for its indicator of monthly global economic activity (Igae) show that it contracted by 0.4% in August 2019 compared with the same month in 2018. Mexico’s stock exchange (BMV) reacted positively to Banxico’s move, rising by 0.21% on 14 November following the announcement.
- CHILE: Gov’t, opposition agree road map to new constitution
- BOLIVIA: MAS and opposition strike deal over new senate president
- In brief: Colombia’s GDP up 3.3% in 3Q 2019
- BRAZIL: Brics declaration avoids Latin America
- In brief: Brazil’s economic activity grows 0.44% in September
- HAITI: Moïse continues in search of a solution to crisis
- In brief: Costa Rica’s gov’t seeks to boost tourism
- MEXICO: Foreign ministry forced on defensive over Morales
- In brief: Mexico’s central bank cuts benchmark interest rate
- In brief: Chile central bank adopts further measures to ensure liquidity