The target for the overnight interbank funding rate is decreased by 50 basis points
(WorldNews Mexico)

August 13, 2020 Press Release Monetary Policy Statement This document is provided for the reader`s convenience only. The translation from the official Spanish version was made by Banco de M&eaigu;xico`s staff. Discrepancies may possibly arise between the original document in Spanish and its English translation. For this reason, the original Monetary Policy Statement in Spanish is the only official document. Banco de M&eaigu;xico`s Governing Board decided to lower the target for the overnight interbank interest rate by 50 basis points to 4.5%, effective August 14, 2020. Available information indicates that after having declined sharply in March and April, the global economy began to show a slight...