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Mexico’s central bank has cut its benchmark interest rate following a split vote, as uncertainty from the US-Israel war on Iran continues to rattle global markets, Al Jazeera reports.
Minutes from the Bank of Mexico’s May meeting show a 3-2 decision, with policymakers warning the conflict is pushing up inflation risks.
All five members have flagged the war as a source of upward pressure on prices, though most said the direct impact on Mexico remains limited.
Officials point to government fuel price controls as a key buffer against rising energy costs linked to the conflict.
