MEXICO CITY, Sept. 24 (Xinhua) -- The central bank of Mexico (Banxico) on Thursday announced its decision to cut the benchmark interest rate for the 11th time, citing risks to Mexico's economic growth from the ongoing novel coronavirus (COVID-19) pandemic.
In its monetary policy statement, Banxico said the five members of the bank's governing board unanimously agreed to cut the rate by 25 basis points to 4.25 percent, effective Sept. 25.
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