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LatinNews Daily - 27 June 2025
In brief: Mexico cuts interest rate
*Mexico’s central bank (Banxico) has lowered its benchmark interest rate by 50 basis points to 8.0%, following rate cuts of the same magnitude in May, March, and February. In a statement explaining its decision, Banxico noted that general inflation increased from 3.93% to 4.51% between April and the first two weeks of June, while core inflation increased from 3.93% to 4.20% over the same period. Banxico raised its annual inflation forecast for Q2 to 4.3%, up from its previous forecast of 3.9% which was made two weeks earlier.
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