Mexico rate cut not enough to boost growth - central bank deputy


  • World
  • Tuesday, 29 Oct 2013

MEXICO CITY (Reuters) - Mexico's decision to cut interest rates last week is not enough to guarantee strong growth, a central bank board member was quoted as saying on Tuesday as he urged the government to carry out reforms to support the economy.

Mexico's central bank lowered interest rates on Friday for the second month in a row to a record low of 3.5 percent after the economy contracted for the first time in four years during the second quarter.

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