Banxico

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.