Mexico sets aside inflation fears, cuts benchmark rate

01/21/2009 | Economist (free content), The

Deciding that the expected contraction of Mexico's economy is a greater threat than inflation, the central bank cut its benchmark interest rate by a half point to 7.75%. Demand for Mexican products, both in the U.S. and the domestic market, has fallen sharply, slowing down the economy much faster than Banco de Mexico anticipated.

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Economist (free content), The

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