By THE PULSE NEWS MEXICO STAFF
In an expected but still-unprecedented move intended to help stimulate the country’s floundering economy, Mexico’s Central Bank (Banxico) cut interests to a record low of just 4 percent late Thursday, Feb. 11.
In its first official meeting of 2021, Banxico’s board of directors voted unanimously to continue to reduce interest rates, in keeping with a trend that began in 2020, following the onset of the covid-19 pandemic, cutting the set rate by an additional 25 points to just 4 percent, a level it has not offered since September of 2016.
…Feb. 12, 2021