Reuters: US Dollar Report: Mexico cenbank deeply divided over rate cut - minutes

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Mexico cenbank deeply divided over rate cut - minutes Sep 20th 2013, 14:11 MEXICO CITY, Sept 20 | Fri Sep 20, 2013 10:11am EDT MEXICO CITY, Sept 20 (Reuters) - Mexico's central bankers were deeply divided over a decision to cut interest rates in a surprise move earlier this month that was designed to boost slumping growth, minutes of their discussion showed on Friday. Board members voted 3-2 to cut their benchmark rate by 25 basis points to 3.75 percent, the lowest level since the key rate was introduced in early 2008. The minutes showed that most members of the board said sagging growth made the case for a cut.

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