Mexico’s central bank cuts rates by 50 basis points (People’s Daily)
Mexico’s central bank announced Friday a cut in benchmark interest rates by 50 basis points to 7.75 percent amid the deterioration of commercial balance. The rate had stayed at 8.25 percent since last August despite external pressures of the prices on the country. However, “a strong drop in demand and employment in the United States has a negative impact on the economy of Mexico,” the bank said …
Original post by Yahoo! News Search Results for Mexico
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