Mexico stocks reverse losses, peso volatile after cenbank rate cut
MEXICO CITY, Sept 6
MEXICO CITY, Sept 6 (Reuters) - Mexico's stocks reversed earlier losses on Friday to rise after the central bank cut interest rates by 25 basis points in a surprise move.
The IPC index gained 0.31 percent to 39,806.54 points after the central bank cut rates to a historic low of 3.75 percent.
The peso pared sharp gains after the announcement.
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