An exchange rate below 10.60 gives the central bank margin...
An exchange rate below 10.60 gives the central bank margin to cut interest rates by 50 basis points.
![Manuel Torres Quote About Bank, Basis, Below, Central, Cut: An Exchange Rate Below 10...](http://qt.azureedge.net/resources/quotes-images-large/an-exchange-rate-below-10-60-gives-the-central-bank-margin-to-cut-interest-rates.jpg)
An exchange rate below 10.60 gives the central bank margin to cut interest rates by 50 basis points.