Banxico Holds Rate at 6.50 Percent as Inflation Risks Rise
Mexico's central bank unanimously voted to maintain its benchmark interest rate at 6.50 percent while pushing back its inflation convergence target to late 2027. Policymakers cited persistent core inflation and geopolitical uncertainties as upside risks to the price outlook.
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Mexico's central bank held its benchmark interest rate at 6.50% on Thursday, extending a pause that began in June. The five-member governing board voted unanimously to maintain the current level, matching analyst expectations. Investors face a longer wait for price stability as the bank delayed its 3% inflation target goal until late 2027.
