Mexican president says rates must fall more to spur loan requests

BY Reuters | ECONOMIC | 10/23/20 09:13 AM EDT

MEXICO CITY, Oct 23 (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Friday that interest rates are still high and need to fall further in order for people to take out loans.

"Interest rates remain high," Lopez Obrador told a regular news conference. "The Bank of Mexico is lowering them, but they need to come down further for people to ask for loans." (Reporting by Dave Grahama)

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