Mexican Economy Minister Graciela Marquez Colin said on Thursday that central ba...
FILE PHOTO: Mexico's Economy minister Graciela Marquez looks on during a news conference after attending a meeting under the auspices of the Pacific Alliance trade bloc at the foreign ministry building in Mexico City, Mexico May 10, 2019. REUTERS/Henry Romero
NEW YORK - Mexican Economy Minister Graciela Marquez Colin said on Thursday that central bank rate cuts will be critical for the reactivation of economic growth. Speaking to a business conference in New York just as Mexico’s central bank announced a 25-basis point cut in its key rate, Marquez Colin said that U.S. Federal Reserve policy decisions are giving Mexico additional room to cut rates.
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