Bank of Mexico cuts key interest rate quarter-point to 7% squib

MEXICO CITY (AP) — Mexico’s central bank lowered its benchmark interest rate by a quarter-point to 7% on Thursday, seeking to stimulate an economy that entered into recession last year. In a statement, the Bank of Mexico noted “characteristics of deceleration, low inflation, accommodative monetary postures and lower interest rates” in the world economy. It […]
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