Bank of Mexico Cuts Benchmark Interest Rate in Split Decision After Pause

Core Viewpoint - The board of governors has decided to cut the overnight interest-rate target by a quarter of a percentage point to 6.75%, marking a return to monetary easing [1] Group 1 - The interest-rate target has been reduced from its previous level, indicating a shift in monetary policy [1] - The decision was made with a close vote of 3-2, reflecting differing opinions among the board members [1]