MNI BRIEF: Banxico Slows Pace With 25BP Cut, Heath Dissents

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Aug-07 19:13By: Larissa Garcia
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The Central Bank of Mexico decided to slow the pace of its easing cycle Thursday, reducing its overnight interbank interest rate by 25 basis points to 7.75%. Deputy Governor Jonathan Heath dissented in favor of holding the rate at 8.00%. The board s...