Mexican Stock Exchange
Banxico cuts interest rate to 6.75% despite inflation and Middle East tensions
Reported by AI Image generated by AI
Mexico's central bank cut its benchmark rate to 6.75% in a split decision, as global markets closed lower amid the US-Iran war. The BMV fell 1.65%, and the peso depreciated 1% against the dollar. Oil prices rose due to the Strait of Hormuz closure.
Major Wall Street indexes closed Tuesday in positive territory and completed a solid semester, while the Mexican peso and the Mexican Stock Exchange posted losses.
Reported by AI
Wall Street markets closed higher on Thursday April 16, boosted by optimism over an Israel-Lebanon agreement ending the Middle East war, while Mexico's Bolsa Mexicana de Valores (BMV) fell 0.78%. The BMV's main IPC index settled at 69,095.02 points. The Mexican peso appreciated 0.05% against the dollar.