México Taxa De Juros

The Bank of Mexico lowered its key rate by 50 bps to 8.00% on June 26th, as annual inflation increased to 4.51% by mid-June and the domestic economy expanded moderately in April, though slack persists. The release indicated that the Board could continue calibrating similar 50 bps cuts, anticipating that the disinflation process will allow a further easing cycle while maintaining a restrictive stance. However, the central bank remains cautious amid elevated global uncertainty—ranging from trade tensions to geopolitical conflicts—that could reignite inflation via peso depreciation or deepen the economic slowdown. While progress toward the 3% inflation target is on track, with forecasts pointing to convergence by the third quarter of 2026, members underscored the importance of a flexible policy framework to manage inflation expectations and preserve financial stability, particularly given the peso’s recent appreciation.