Banxico Holds Interest Rate Steady at 11% Amid Inflation Concerns

The Bank of Mexico (Banxico) decided to keep its interest rate unchanged at 11%, halting its recent easing cycle. This move aligns with the expectations of many analysts surveyed by Citibanamex. Banxico’s monetary policy committee unanimously chose this course, emphasizing the central bank’s careful approach to persistent inflation risks, despite some positive signs of disinflation. […]