The peso was trading stable Thursday morning in the hours before the central bank’s monetary policy announcement, in which it is widely expected to cut the key interest rate.
The peso was trading at 18.5750 per dollar, with little change compared to the 18.5761 units of the LSEG reference price on Wednesday.
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Peso operates with few changes awaiting Banxico’s decision
The market anticipates that Banco de México will reduce its reference rate by 25 basis points, in what would be its twelfth reduction in the cost of credit since it began a flexibility cycle at the beginning of 2024.
Last week the US Federal Reserve also cut interest rates by a quarter of a percentage point.
With information from Reuters
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