Mexico central bank cuts rates but signals caution ahead
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Banxico has cut the benchmark interest rate to 6.5% from 6.75%, with a split vote among board members. While some members voted to maintain rates, the majority opted for the cut. The board anticipates maintaining the current rate moving forward, with headline inflation expected to reach target levels by Q2 2027. Forecasts for average annual headline and core inflation for Q4 2026 and 2027 remain unchanged at 3.5% and 3.0%, respectively.
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