Mexican central bank cuts rate.

BANKING AND CREDIT NEWS-May 18, 2020--Mexican central bank cuts rate

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Global Banking News - 18 May 2020

The Mexican central bank has cut its interest rate.

The apex bank has cut its rate to the lowest level since 2016. The move came as the nation is falling into a recession that economists expect to be the worst in decades.

Banco de Mexico said that it has lowered its borrowing costs by half a point to...

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