MONTERREY, Mexico -- The National Foreign Trade Bank of Mexico will reduce its interest rates for private-sector lenders in an attempt to stimulate export businesses.

The bank's director general, Jose Gurria, told those at a conference of financial executives that rates would fall by as much as three percentage points for peso loans and that premiums would be eliminated on dollar transactions over $25 million.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.