Mexico lowers the main interest rate

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The central bank of Mexico surprisingly lowered the main interest rate amid declining inflation and falling economic growth pace. The benchmark rate was cut to 3.75%, or 25 basis points. It has already been the second slash of the rate in 2013. Such a decision was predicted only by one of 20 Bloomberg economists. Moreover, two days ago the Central bank cut growth forecast to 2-3% this year.
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