Mexico accelerates easing with 50bp cut
Board members, unfazed by uncertainty in US, speed up loosening as inflation slows
The Bank of Mexico (Banxico) on February 6 cut its policy rate by 50 basis points to 9.5% as inflation in the country slowed and economic activity remained sluggish.
This was the first time the bank had accelerated the easing cycle it began in August 2024. In each of its four previous meetings it had made 25bp cuts.
The decision, Banxico’s first since Donald Trump’s inauguration as US president, was broadly in line with market expectations. Twenty-two of the 26 analysts polled by Bloomberg had
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