Banxico makes fourth straight 50bp cut
Inflation edges up but growth still sluggish; central bank opens door to slower easing
The Bank of Mexico (Banxico) has reduced its policy rate by 50 basis points to 8% despite a flare-up in prices, though it also signalled it may slow the current easing cycle.
In a statement on June 26, the bank’s governing board said Mexico’s economy had expanded moderately in April but was still showing signs of weakness. It also noted that the peso continued to appreciate.
Annual headline inflation was 4.4% in May, up from 3.9% the previous month. Banxico targets inflation at 3% with a tolerance
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