Mexico cuts rates by 25 basis points vs expectations of a split ...Middle East

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Mexico cuts rates by 25 basis points vs expectations of a split
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The Mexico central bank lowered their benchmark interest rate to 10.75% from 11%.The expectations were split between unchanged and a 25 basis point cut. Banco de México's Governing Board lowered the target for the overnight interbank interest rate by 25 basis points to 10.75%, effective August 9, 2024.Economic activity remained heterogeneous across countries in Q2 2024.The US economy grew faster than other advanced economies; headline and core inflation continued decreasing in most advanced economies.Some central banks of advanced economies cut their reference rates; the Federal Reserve left its rate unchanged, and the Bank of Japan raised it.Global financial markets experienced volatility d

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