Dovish Banxico minutes point to another 50bp cut in June
Weak domestic growth and tariff-hit foreign demand suggest further easing on horizon
Rate-setters at the Bank of Mexico (Banxico) are prioritising growth and are therefore likely to deliver another half-point cut in June, the minutes of their most recent policy meeting revealed.
Banxico on May 15 cut rates by 50 basis points to 8.5%. The minutes, published yesterday (May 29), show that most members of the bank’s governing board expressed dovish sentiment towards the pace of the easing cycle.
“All members pointed out that Mexican economic activity again exhibited weakness during
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