Banxico Holds Rate at 6.50% as Mexican Peso Slides to April Lows

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Summary · why it matters

The Bank of Mexico held its benchmark interest rate unchanged at 6.50%, sending the Mexican Peso to April lows against the US Dollar. The central bank said it does not treat the interest rate differential as a primary factor in setting monetary policy. The Peso extended its losses against the Dollar on Thursday following the decision.

Impact on assets 2

Others▲ · 1 stocks
Others▲ · 1 stocks
％Mexico Government Bond 10Y
MX-10Y
± MixedMonetaryrelevance

Banxico held its policy rate at 6.50%, leaving the 10Y yield direction unclear as the decision was a hold with no explicit easing/bias signal.

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