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Banxico Poised for Final Rate Cut Amid 4.5% Inflation

4/29/2026

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Summary

Story summary

Mexico's Bank of Mexico (Banxico) may make a final interest-rate cut at its May 2026 meeting.
Governor Victoria Rodríguez told a Senate committee the board is close to ending the rate-cutting cycle that began in 2024, after cutting benchmark rate to 6.75% in March 2026.
Annual inflation eased to 4.53% in April 2026, above 3% target range, while board members remain split over inflation worries and Middle East conflict’s impact.

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Story summary

Mexico's Bank of Mexico (Banxico) may make a final interest-rate cut at its May 2026 meeting.
Governor Victoria Rodríguez told a Senate committee the board is close to ending the rate-cutting cycle that began in 2024, after cutting benchmark rate to 6.75% in March 2026.
Annual inflation eased to 4.53% in April 2026, above 3% target range, while board members remain split over inflation worries and Middle East conflict’s impact.