GgoogleMX first seen 2 d ago, last 1 d ago, peak #2
Banxico cuts rate to 6.25%, peso slides
Original: banco de méxico
The Bank of Mexico surprised markets by cutting its benchmark interest rate to 6.25%. The move coincided with the peso losing around 18.30 centavos against the dollar, with analysts attributing part of the drop to a reduction in carry trade positions. Commentary in Mexican media is also asking whether conditions in Mexico can improve from here.
Why now: The unexpected rate cut and the peso's sharp decline are driving discussion among investors and the Mexican public.
Banco de MéxicoMexican pesoBanxico
Rank over time, top of the chart is #1. 12 snapshots from 2 d ago to 1 d ago.
Evidence
- Peso pierde 18.30 centavos; pega reducción de carry trade · Yahoo
- Sorprende el BdeM al bajar tasa a 6.25% · La Jornada
- ¿Puede ponerse mejor México? · Yahoo
API: https://socialmediatrends-api.osmike.com/v1/trends/5114539