National bank cuts interest rates 50 basis points to 8.5%

The May Federal Reserve and Banxico monetary policy meetings were held without major shocks. In fully incorporated market movements, the Fed decided to keep the federal fund rate unchanged at 4.25 to 4.50 percent, while the Bank of Mexico cut the reference rate at 50 basis points in a unanimous decision to place it at 8.50 percent. We knew the April inflation data. In the United States, a modest positive surprise was observed as it was slightly …

In line with the forecasts, the Bank of Mexico (BdeM) cut its reference rate by half a percentage point – for the third consecutive time – to 8.50 percent. The unanimous decision was based on the fact that the inflationary episode that affected the country has been left behind, even when it is possible to give timely price rebounds. This measure, which reduces the cost to which companies and families are financed, constitutes an incentive to con…

National bank cuts interest rates 50 basis points to 8.5%

The Bank of Mexico’s key interest rate will fall to 8.50% after the central bank’s governing board unanimously supported a third successive 50-basis-point cut on Thursday. The five members of the board voted in favor of the cut despite an uptick in inflation in April. With the annual headline inflation rate still within the Bank of Mexico’s 2%-4% target range, the market was anticipating the board’s latest decision. The 8.50% benchmark rate — th…

Chihuahua, Chih.- In a period of low growth, Banxico cut for the third time the interest rate 50 basis points to place it at 8.5 percent, which will allow to boost the credits, especially for large business projects, said Gonzalo Aguilera García, president of the Banking Center of the state of Chihuahua. He explained that during the last Banking Convention the leader of Banxico, Verónica Rodríguez, reported the strategy that they warned about th…

Porfirio EscandónThe cut of 50 basis points in the rate of the Banco de México (Banxico) to stay at 8.50 percent should be seen as the continuation in the calibration of the monetary stance announced in Banxico's monetary program of the beginning of 2025, in congruence with inflation levels, said the governor of the central bank, Victoria Rodríguez Ceja. With David Páramo on Image Radio, the official explained that inflation is at levels similar…

Faced with the reduction in inflation in recent months, the Board of Government of the Bank of Mexico took the decision to reduce the interest rate to 8.5 percent.On Thursday, the Bank of Mexico lowered the interest rate to 8.5 percent, its seventh consecutive cut and the third of 50 base points, considering that the “inflationary episode” was left behind, while global shocks were resolved and allowed it to continue with a cycle of cuts. In its …