# Bank of Mexico cuts rates in emergency meeting - Central Banking

> The Bank of Mexico cut its overnight interbank rate by 50 basis points to 6% in an emergency meeting on April 21, 2020, voted unanimously. It also unveiled a 750 billion peso (about $30.5 billion) liquidity programme.

- Date: 2020-04-22 · published 2020-04-22T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/53857-bank-of-mexico-cuts-rates-in-emergency-meeting-central-banking
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Lower Mexican rates and added liquidity aim to support the economy and the peso, which can ease feed import costs over time, though the effect on grain prices is modest.

## Read by commodity

- USDMXN: neutral

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/monetary-policy/monetary-policy-decisions/7530481/bank-of-mexico-cuts-rates-in-emergency-meeting

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.