The Central Bank of Mexico (Banxico) on Thursday announced that lowered its benchmark interest by 25 basis points to 7.5% and noted that the monetary policy decision was not unanimous with two members voting for a 50 bps rate cut to 7.25%. “The balance of risk to growth remains tilted downwards,” Banxico said in its statement. “Among risks which could affect performance of Mexican assets are uncertainty over bilateral relations between Mexico and the United States. Risks also include Pemex and Mexico’s sovereign debt rating.” With the initial reaction, the USD/MXN pair fell sharply and was last seen trading at 19.3665, still up 0.1% on a daily basis. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD consolidates gains above 1.2870 FX Street 3 years The Central Bank of Mexico (Banxico) on Thursday announced that lowered its benchmark interest by 25 basis points to 7.5% and noted that the monetary policy decision was not unanimous with two members voting for a 50 bps rate cut to 7.25%. "The balance of risk to growth remains tilted downwards," Banxico said in its statement. "Among risks which could affect performance of Mexican assets are uncertainty over bilateral relations between Mexico and the United States. Risks also include Pemex and Mexico's sovereign debt rating." With the initial reaction, the USD/MXN pair fell sharply and was last seen trading… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
