Bank of Mexico Considers Rate Adjustments Amid Inflation

The Bank of Mexico (Banxico) indicated in its August monetary policy minutes that the current inflationary environment might permit benchmark interest rate adjustments. Banxico recently reduced the rate by 25 basis points to 10.75%, decided by a split decision from its board on August 8.

The Bank of Mexico (Banxico) noted in its August monetary policy minutes that the prevailing inflationary conditions could allow for adjustments to the benchmark interest rate.

On August 8, Banxico cut the rate by 25 basis points to 10.75%, as a result of a split decision by its board.

This move highlights the central bank's cautious approach amid economic uncertainties.

(With inputs from agencies.)