Banxico maintains interest rate at 6.50%; Inflation slowed in the first half of June

As expected, the Bank of Mexico (Banxico) maintained by unanimous decision its interest rate at 6.50%, after two consecutive cuts of 25 basis points.

The last time the central bank moved the rate which serves as a reference to determine the cost of money borrowed It was last February, during the first meeting of monetary policy of 2026.

The level of the rate that is expected to remain this way for an indefinite period is similar to that in March 2022, when the central banks in the world faced the inflationary effects of bottlenecks in the supply chains derived from the pandemic.

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The monetary policy decision occurs at a time when the inflation slowed to 3.55% in the first half of June thanks to the 5.24% drop in prices of agricultural productsespecially the tomato with almost 24%.

But with a rebound in inflation of services, especially tourism related to the Soccer World Cup.

With this, the general inflation annual rate was below 4% for the second consecutive time, that is, within the upper part of the variability range of Banxico to keep the inflation and protect the purchasing power of Mexicans, since their goal is 3%.

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Last week, the Federal Reserve (Fed) of USA nor did he modify his interest rates when considering the same target level that moves between 3.50% and 3.75%.

However, it left open the possibility of an increase in its interest rate this year.

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