Banco de México’s Governing Board decided to lower the target for the overnight interbank interest rate by 25 basis points to 4.25%, effective September 25, 2020. Global economic activity has been recovering, while inflation in advanced economies remains below their central banks’ targets. Monetary policy is expected to remain accommodative in those economies for an extended period. Particularly relevant is the announcement by the US Federal Reserve of a new monetary policy strategy that will maintain the monetary stimulus until inflation is moderately above its 2% target. The world economy and international f ... (full story)