The consensus was for a 50 bps cut to 9.00% and that’s what they delivered.
- Decision was unanimous
- Anticipates that the inflationary environment will allow it to continue toe rate cutting cycle
- Board will consider adjusting rates by similar magnitudes
- US policy changes have added uncertainty
USD/MXN is up 1.1% and I think that underscores tariffs much more than interest rates.
This article was written by Adam Button at www.forexlive.com.