Banxico's Rate Cut Decision Raises Questions on Congruence with Mandate
Mexico's central bank, Banxico, announced a 25 basis point cut in its interest rate, sparking debate on the decision's alignment with its mandate. The move, which brought the benchmark rate to 6.75%, was taken by a majority of 3 votes to 2. Analysts had predicted a maintenance of the status quo, but the decision is seen as a response to geopolitical tensions and rising inflation expectations.