LatinNews Daily - 26 September 2025

*Mexico’s central bank (Banxico) has lowered its benchmark interest rate by 25 basis points to 7.50%, following a rate cut of the same magnitude in August. With this cut, the interest rate is at its lowest since May 2022. In a statement explaining its decision, Banxico pointed to weak economic growth at the start of the third quarter amid uncertainty and downward risks as a result of trade tensions. It noted that between July and the first half of September, headline inflation rose slightly from 3.51% to 3.74%, while core inflation rose marginally from 4.23% to 4.26%. Banxico slightly lowered its inflation forecast for the end of this year to 3.6%, down from 3.7% in its previous (August) policy meeting, while it revised up its core inflation forecast to 4.0%, up from 3.7%.

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