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Mexico's President Orders Finance Minister to Negotiate Lower Interest Rates with Banks

Reuters

In a move to boost economic growth, Mexican President Claudia Sheinbaum has instructed Finance Minister Edgar Amador to engage in talks with banks to reduce interest rates for commercial and development loans. This initiative aims to provide relief to businesses and individuals, stimulating investment and consumption. By lowering interest rates, the government hopes to encourage borrowing, spending, and ultimately, economic expansion. The decision is expected to have a positive impact on the country's financial landscape, making it more conducive to growth and development. With this move, Mexico joins other countries in implementing measures to mitigate the effects of high interest rates, which can hinder economic progress. The reduction in interest rates is likely to be a welcome move for businesses and individuals, and is seen as a key step towards achieving the country's economic goals, including increased economic activity and job creation, through effective financial planning and money management.