On Thursday, the Bank of Mexico reduced the benchmark interest rate by 25 basis points to 10.00% and hinted that, given the progress in inflation, it might consider larger rate cuts at future meetings. Mexico is the second largest economy in Latin America. The five members of the Bank of Mexico's Governing Board unanimously agreed to this decision, following last month's inflation slowing down slightly more than expected. The Bank of Mexico stated in a release: "Given the progress in inflation slowing down, larger rate cuts might be considered at some meetings, although a restrictive stance will still be maintained."
墨西哥央行下调关键利率，为未来更大幅度降息敞开大门
The Bank of Mexico has lowered the key interest rate, opening the door for more significant rate cuts in the future.
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