Mexico Central Bank Cuts Key Interest Rate A Quarter-point Amid Slowdown

Mexico central bank cuts key interest rate a quarter-point amid slowdown

Mexico's central bank cut its benchmark interest rate Thursday for the first time since 2014, citing a global economic slowdown and trade tensions between the United States and the rest of the world

Mexico City, (UrduPoint / Pakistan Point News - 16th Aug, 2019 ):Mexico's central bank cut its benchmark interest rate Thursday for the first time since 2014, citing a global economic slowdown and trade tensions between the United States and the rest of the world.

The move from the normally hawkish central bank comes after Latin America's second-largest economy flirted dangerously with recession, shrinking 0.2 percent in the first quarter of the year and growing just 0.1 percent in the second.

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