Banxico expected to lower the rate to 9% – Reuters

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The Reuters probe revealed that on March 27 Banco de Mexico (Banxico) will reduce interest rates by 50 BPS among the evolution of the disinfection process and continuous economic slowdown.

Economists expect feet to fall as much as 8.25% in 2025.

Of the 25 economists 23, the central bank will reduce the cost of a loan by 50 BPS, from 9.50% to 9.00%. The other two economists estimate that the Mexican central bank will maintain unchanged rates.

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This would be the second reduction in the rate of this size, after the meeting of February, at which the management council approved the reduction of the main reference rate from 10.00% to 9.50% in the case of division of 4 to 1 votes, with the deviation of the deputy governor Jonathan Heath, because he voted in favor of lowering rates by 25 BPS.

Although the Banx mandate is to control inflation, the recent economic slowdown prompted the Mexican institution to facilitate politics, because decision -makers justified that with the economy it is cooling, so inflation.

In addition, next week, Mexican economic documents are occupied, with the issue of March in the middle of the month of inflation, retail sales and trade balance data.

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