Goldman Sachs warns of Surprise Banco de México Rate Cut as Mexican Economy Deteriorates

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  • #20926
    Helmholtz Watson
    Participant

    Goldman Sachs say that Banco de México, Mexico’s…

    [article]1556[/article]

    #21639
    Helmholtz Watson
    Participant

    Goldman got this one right…

    Bank of Mexico surprise 25 basis point rate cut

    Mexico lowers rates to 8.00% from 8.25%

    The central bank said it wasn’t a unanimous decision with one dissent.

    Said the balance of risks to growth were still tilted downwards in an environment of marked uncertainty.

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