# Mexico Central Bank cuts benchmark interest rate by 25 basis points to 7.75% - Forex Crunch

> Banxico cut its benchmark rate by 25 basis points to 7.75% from 8%, and the board was not unanimous, with two members voting for 50 basis points. The statement said the balance of risks for growth leans downward and that uncertainty about inflation remains high. The peso recovered part of its losses after the decision.

- Date: 2019-09-26 · published 2019-09-26T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/57311-mexico-central-bank-cuts-benchmark-interest-rate-by-25-basis-points-to-7-75
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Lower Mexican rates and a softer growth outlook can weigh on the peso, raising the local cost of imported feed ingredients. The effect on US grain and meal prices is limited.

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/09/26/mexico-central-bank-cuts-benchmark-interest-rate-by-25-basis-points-to-7-75/

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