Mexico’s central bank cuts benchmark interest rate to 10%

On December 19, local time, the Mexican central bank announced that it would cut its benchmark interest rate by 25 basis points to 10%. Because it expects local inflation to continue to decline.

The Mexican central bank issued an announcement on the same day saying that in view of the progress made in controlling inflation, it may consider a larger interest rate cut in the future on the basis of continuing to adjust monetary policy cautiously.

The announcement showed that between October and November this year, Mexico’s annual overall inflation rate fell from 4.76% to 4.55%, and it is expected that both overall and core indicators will show a downward trend in the future.

This is the fourth consecutive time that the Mexican central bank has cut its benchmark interest rate since entering the interest rate cut cycle in August.