SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Prices up but Mexico lowers interest rate

» Published: 09 August 2024

Prices up but Mexico lowers interest rate
Photo: Marco Ugarte/AP/TT

Mexico's central bank is acting unorthodox and lowering the interest rate despite increased consumer prices and inflation. The interest rate is being lowered by 25 basis points to 10.75 percent. Analysts are divided on whether it was the right or unwise decision.

The core inflation has decreased over the past 18 months, while fresh data suggests that food and energy prices are increasing.

The bank sees a risk of weaker growth with an unchanged interest rate. And there is concern about the economy in the USA, the country's largest trading partner.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

One of the world's richest bribed in the USA
2 MIN READ

One of the world's richest bribed in the USA

This is how Musk will save billions
2 MIN READ

This is how Musk will save billions

Yet Another Extremely Strong Report from Nvidia
2 MIN READ

Yet Another Extremely Strong Report from Nvidia

Better than expected for Nvidia
1 MIN READ

Better than expected for Nvidia

Department store giant sinks on Wall Street
1 MIN READ

Department store giant sinks on Wall Street

The FI's Advice: Have Accounts in Multiple Banks
1 MIN READ

The FI's Advice: Have Accounts in Multiple Banks

Break in Trend - Household Costs No Longer Rising
2 MIN READ

Break in Trend - Household Costs No Longer Rising

4,000 to Leave the Car Giant
1 MIN READ

4,000 to Leave the Car Giant

The VW Union Takes a Stand Against Factory Closures
1 MIN READ

The VW Union Takes a Stand Against Factory Closures

Slovakian Nuclear Power Plant Plan Approved
1 MIN READ

Slovakian Nuclear Power Plant Plan Approved

Giant boost for Turkish minimum wages on the way
1 MIN READ

Giant boost for Turkish minimum wages on the way

6 MIN READ

Reduced risk of power crisis in winter
1 MIN READ

Reduced risk of power crisis in winter

Trump's Minister Paves the Way for Quick Tariff Decision
3 MIN READ

Trump's Minister Paves the Way for Quick Tariff Decision

Tough times for Chinese car giant
1 MIN READ

Tough times for Chinese car giant

Double rate cut of Icelandic interest rate
1 MIN READ

Double rate cut of Icelandic interest rate

Down on the stock exchange for the fourth day in a row
1 MIN READ

Down on the stock exchange for the fourth day in a row

The Gaming Company's Stock Soars - Confirms Purchase Inquiry
1 MIN READ

The Gaming Company's Stock Soars - Confirms Purchase Inquiry

Japan Sets Tourist Record - Attracts increasing number of tourists
1 MIN READ

Japan Sets Tourist Record - Attracts increasing number of tourists

Denmark's economy is picking up.
1 MIN READ

Denmark's economy is picking up.