Mexico Cuts Rate to 9%, Points to More 50 Basis Point Cuts

The Board of Government of the Banco de México (BdeM) cut its benchmark rate by half a percentage point yesterday to 9 percent on the grounds that inflation continues to fall; however, it warned that US economic policies could generate price pressure.

With Trump’s tariff escalation as a backdrop, the Bank of Mexico has decided to lower interest rates by 50 basis points and put the reference rate at 9%. The institution has decided to continue with an aggressive rate reduction in the face of the increase in US protectionist policies, which could lead to economic weakening in the country and greater volatility in the financial markets. Amid fear of an economic recession, the central bank’s gover…

Banxico cuts 50 basis points to its inter s rate, to leave it at 9 percent, in the face of inflation moderation and tariff uncertainty.

Cancún,-The Bank of Mexico (Banxico) reduced its interest rate by half a percentage point, leaving it at 9%, its lowest level since September 2022. This is the sixth consecutive cut and the second half point. The decision was taken unanimously by the Governing Board and was in line with expectations [...] The post Banxico cuts its rate to 9% and projects 8.5% for May appeared first on Quintana Roo Hoy.

The Bank of Mexico (Banxico) lowered the interest rate to 9%, its sixth consecutive cut and the second of 50 base points, considering that the “deflationary process has been...