Banxico

Mexico's central bank (Banxico) cut its benchmark rate to 6.50% on 7 May 2026, the lowest since April 2022. Colombian opposition candidate De la Espriella secured 49.68% of preliminary votes, prompting attention from Mexican firms like FEMSA, Bimbo, and Cemex with Colombian exposure.

Mexico's inflation rate (3.37%) is now lower than the U.S. (4.2%), marking a historic shift after decades of higher inflation in Mexico. This reversal could impact Mexico's currency strength, interest rates, and long-term economic competitiveness relative to the U.S.

Inflation in Mexico fell to 3.37% in June 2026, the lowest level in over five years, driven by declining agricultural and fuel prices. This marks the third consecutive monthly decline, with core inflation also decreasing to 4.03%. Analysts attribute the drop to supply normalization and government-producer price agreements.

The third edition of the MND Peso Index™ found the Mexican peso was overvalued by 2.91% against the US dollar in June 2026, down from 4.03% in May. The overvaluation decrease was primarily due to the peso's 1.02% depreciation against the dollar between late May and late June 2026.

Brazil sets a stock-market record, Mexico's market rises after Banxico maintains its stance, and Venezuela experiences a deadly earthquake. The report highlights contrasting economic developments and a natural disaster in Latin America.

Mexico’s central bank (Banxico) maintained its benchmark interest rate at 6.50% amid declining inflation, with all board members voting to keep the rate unchanged. Annual headline inflation fell to 3.55% in June’s first half, down from 3.94% in May, while core inflation decreased to 4.12%. Banxico projects further inflation declines but noted risks like geopolitical conflicts and peso depreciation.

Brazil stands alone as a gainer, a firmer dollar affects unevenly, and Banxico will decide interest rates on June 25. The article is sourced from The Rio Times.

Banxico has published new rules to boost digital payments and bank accounts. The initiative is intended to encourage the use of digital transactions and increase the number of bank accounts.

Mexico's mid-May inflation showed signs of slowing following the central bank's decision to end its easing cycle. The Banco de México (Banxico) had been reducing interest rates, but has now shifted its monetary policy stance. This inflation moderation comes as the country's economic conditions continue to evolve.