Mexico’s central bank (Banxico) delivered a dovish surprise today as it lowered its policy rate by 25bp, to 6.75%, and signalled that it would consider cutting interest rates again. While this could materialise if the Iran war ends soon and global energy prices fall back sharply, we think an extended pause in the easing cycle is most likely.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
