September 23, 2019 / 5:35 PM / 23 days ago

POLL-Mexico's central bank seen cutting key rate by 25 basis points

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=MXCBIR%3DECI Poll data

MEXICO CITY, Sept 23 (Reuters) - The Mexican central bank will likely cut its benchmark interest rate by 25 basis points on Thursday, according to a Reuters poll, as inflationary pressures ease and in line with the U.S. Federal Reserve’s recent rate reduction.

Fourteen of 16 analysts and economists surveyed by Reuters said they expect the Bank of Mexico, known locally as Banxico, to lower the key lending rate to 7.75%, following the first cut since June 2014 at its Aug. 15 meeting.

Reporting by Miguel Angel Gutierrez in Mexico City and Gabriel Burin in Buenos Aires; Writing by Anthony Esposito

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