Mexico City, March 26, 2026 (AFP) - In surprise move, Mexico cuts interest rate despite war

NAMPA / AFP

2026-03-26

Mexico's central bank cut its benchmark interest rate Thursday, surprising analysts by opting to give the weak economy a boost despite the inflationary risk of the war in the Middle East. The bank's governors voted in a split decision to lower the key rate by a quarter-point, to 6.75 percent -- confounding analysts, who had forecast the bank would hold steady until May. The annual inflation rate in Latin America's second-biggest economy was 4.63......

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