The governing board reached a unanimous decision on June 25 to maintain the benchmark interest rate at 6.50%. This move marks the start of a planned pause in the bank's monetary policy, following a final 25-basis-point reduction implemented in May. By holding steady, policymakers are signaling a shift toward monitoring the stability of global energy and commodity prices before committing to further adjustments.
Banxico holds rates as Middle East inflation risks moderate
Mexico's central bank board pointed to a cooling of geopolitical volatility in their June meeting, noting that diplomatic progress between the United States and Iran has tempered the inflationary pressure previously generated by the ongoing conflict in the Middle East.
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