Banxico’s ‘Black Door’ Is Closed: Interest Rate Will Not Change in 2026 or 2027
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4 Articles
The Bank of Mexico will not make movements at the interest rate in what remains of 2026 or 2027, this despite the fact that members of the Board of Government consider that there is room to lower the reference rate, showed the Citi Survey published on Tuesday, October 20th. Most analysts, 25 of the 36 consulted, predict that the interest rate will remain ‘frozen’ at the meetings of this and the following year. Of the 11 specialists who do see a …
Analysts predict that the interest rate will continue unchanged at a level of 6.50%, while most members of the Board of Government of Banco de México (Banxico) are open to evaluating a benchmark cut.The Citi Spectancy Survey, published on October 20, showed that the analysts' consensus opinion remained the same after Banxico's most recent Minuta revealed that three members of the Board of Government opened the door to a cut in the interest rate.
In the last decision of the Banxico Board of Government, it was unanimously decided to maintain the reference rate at 6.50%. The publication UBS, Finamex and Bankaool: banks that anticipate a cut in Banxico’s rate first appeared in the CEO.
Reading time approx.: 2 minutes, 5 secondsCiti Mexico's survey of expectations published on Tuesday showed that a group of 37 financial firms estimates that general consumer inflation in the first half of this month has grown by 0.38% fortnightly, or compared to the second half of September. [...] The position would hold Banxico interest rate at 6.50% in 2026 and 2027; exchange rate weakens and closes this year in 18.20: Sondeo first appeared in…
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