Mexico cuts interest rate for first time in three years
![Mexico cuts interest rate for first time in three years](https://netstorage-legit.akamaized.net/images/b0841c8018c3990d.jpg)
Mexico's central bank on Thursday reduced its benchmark interest rate for the first time in three years following a slowing of inflation in Latin America's second-largest economy. The key interest rate was reduced by 0.25 percentage points to 11.00 percent, the central bank, also known as Banxico, said in a statement.