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Mexico - February 2020

Interest rates fall to three year low

With preliminary GDP data or 2019 just confirming a slight economic recession, it came as little surprise that Mexico’s central bank (Banxico) opted to cut the policy interest rate by 25 basis points at its most recent monetary policy meeting on 13 February. Although annual inflation is rising, it is well within the bank’s 2%-4% target range, giving Banxico plenty of scope for manoeuvre.

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