Photo: Inmobiliare

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

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