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Mexico
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Mexico's central bank lowered its benchmark interest rate in a divided vote to 10.75%, the monetary authority said on Thursday, cutting the key borrowing rate from 11.00% but also signaling that it expects prices to rise higher than previously expected, Reuters reported. Three members of the bank's board voted to lower the rate by 25 basis points, while two others sought to hold it steady, according to a statement announcing the decision. In its statement, the bank noted it expects inflationary pressures in Latin America's No.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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