Bank of Mexico cuts benchmark rate to 6.5% and ends easing cycle

6 articles · Updated · The Wall Street Journal · May 7

In Mexico City, the five-member board voted 3-2 for the quarter-point cut, with deputy governors Galia Borja and Jonathan Heath favouring no change.
The central bank said it expects to hold rates at current levels after inflation slowed to 4.45% in April and core inflation to 4.26%.
Banxico cited weaker-than-expected first-quarter activity and downside growth risks, while slightly raising second- and third-quarter inflation forecasts and still targeting 3% inflation by the second quarter of 2027.

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