Mexico's central bank unexpectedly slashed interest rates to a record low on Friday, saying a sluggish economy gave it room for a one-off cut to spur growth without fanning inflation pressures. The normally conservative Banco de México cut its benchmark interest rate by 50 basis points to 3 percent; analysts had unanimously forecast in a Reuters poll that rates would remain the same. Mexico's economy, which is the second largest in Latin America, barely grew in the first quarter as a harsh winter dragged on growth in the United States, Mexico's top trading partner. The central bank said it did not expect to further cut rates. The move apparently took investors by surprise. The stock market rose to its highest level this year, and the peso currency briefly hit a session low. Prices for the country's benchmark 10-year peso bond jumped, pushing down its yield by 33 basis points in the biggest one-day drop since last September. "They seized the moment," said Delia Paredes, an economist at Banorte bank in Mexico City. "It was quite a surprise."
source : http://rss.nytimes.com/c/34625/f/640316/s/3b400040/sc/24/l/0L0Snytimes0N0C20A140C0A60C0A70Cbusiness0Cinternational0Cmexicos0Ecentral0Ebank0Eissues0Esurprise0Erate0Ecut0Bhtml0Dpartner0Frss0Gemc0Frss/story01.htm
Tidak ada komentar:
Posting Komentar