Mexico City /
The Governing Board of the Bank of Mexico (Banxico) reduced by 25 basis points the reference interest rateto bring it to 10.50 percent, after a slowdown in inflation, as well as the beginning of cuts in the interest rate Federal Reserve (Fedfor its acronym in English) USA.
For its sixth meeting of monetary policyanalysts debated the lowering of the rate that began divided into the bet of 25 basis points and later raised its perspective to 50 basis points as did the Fed.
The data…
What is monetary policy?
The measures applied by the Bank of Mexico to ensure that inflation is low and stable are known as monetary policy. The central bank tries to influence prices through “signals” as its main instrument, that is, through the interest rate it charges commercial banks to lend them cash.
During the first half of September, lto inflation in Mexico maintained a deceleration for the fourth consecutive fortnight, after the ÍNational Consumer Price Index (INPC) increased only 0.09 percent at a biweekly rate, as reported by the National Institute of Statistics and Geography (Inegi).
Inflation stood at 4.66 percent annually, although the index is still far from the official goal of the Banxico which is around 3 percent.
M.R.A.
