Mexico Banxico Interest Rate Decision in line with forecasts (8.5%)

May 15, 2025

Forex Today: US, Japan data gathers attention

The US Dollar resumed its downward trajectory on Thursday, weighed by another soft inflation print—this time from Producer Prices—and a mixed batch of US economic data.

Banxico cuts rates by 50-basis points as expected, to 8.50%

On Thursday, Banco de Mexico (Banxico) reduced interest rates by 50 baisis points from 9% to 8.50% on an unanimous vote.