# Mexico: Central bank cut rates by 7.25% as expected, the decision not unanimous — Octa

> Banco de Mexico cut its overnight interbank rate by 25 basis points to 7.25%, with one board member voting for a 50 basis point cut. The bank cited low inflation and downside risks to growth, and the peso held steady after the decision.

- Date: 2019-12-19 · published 2019-12-19T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/55787-mexico-central-bank-cut-rates-by-7-25-as-expected-the-decision-not-unanimous
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Lower Mexican rates tend to weaken the peso over time, which raises the local-currency cost of imported feed grains and meal.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/785448/

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