Banxico Reports Significant Operational Losses for 2025, No Government Remittance
The Bank of Mexico (Banxico) reported a substantial operational loss of 410 billion pesos for 2025, preventing it from building capital reserves or remitting funds to the government. This marks the second-highest loss on record, primarily attributed to foreign exchange losses caused by a significant appreciation of the peso against the dollar. The central bank's governing board is set to evaluate a potential interest rate cut in May.