Central BanksMedium•5 November 2026•
1 min read
Banxico Unexpectedly Cuts Interest Rates to 6.25%
Key Facts
1The Bank of Mexico (Banxico) cut interest rates by 25 basis points to 6.25%.
2The rate cut was unexpected as market participants had anticipated rates to remain unchanged at 6.50%.
The Bank of Mexico (Banxico) cut interest rates by 25 basis points to 6.25%. FXStreet reported that the move was unexpected as market participants had anticipated rates to remain unchanged at 6.50%.
This monetary easing follows economic data showing Mexico's annual GDP growth at 3.2% as of October 30, 2026. Additionally, consumer confidence was recorded at 45 on November 5, 2026, matching economic forecasts for the period.
Mexico is scheduled to release its annual inflation rate data on November 9, 2026, with market forecasts currently at 3.65%.