LatinNews Daily - 21 November 2025

*The governing board of Mexico’s central bank (Banxico) has said it will consider further cuts to the benchmark interest rate in future monetary policy meetings. In recently released minutes from Banxico’s meeting from 6 November, when the board cut the interest rate by 25 basis points for the third consecutive time, leaving it at 7.25%, the board said it will “take into account the effects of all determinants of inflation” while seeking to promote the convergence of headline inflation to the 3% target within the projected timeframe, currently by the third quarter of 2026. The board noted that headline inflation decreased from 3.74% to 3.63% between the first two weeks of September and the first half of October, highlighting that this was both due to a reduction in non-core inflation and to the stabilisation observed in core inflation, which excludes volatile items and is viewed as a key metric for predicting inflation trends.

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