LatinNews Daily - 27 November 2025

*Mexico’s central bank (Banxico) has released its quarterly report for the third quarter of 2025 in which it revised down its 2025 GDP growth forecast to 0.3%, down from 0.6% in its previous quarterly report released at the end of August. It maintained the 2026 GDP growth forecast at 1.1%. In its report, Banxico attributed the downgraded growth forecast to the fact that the economy contracted in the third quarter, by 0.3% in quarterly terms and 0.2% year-on-year, amid global trade uncertainty. It said that this represented a weakness in the economy which was greater than expected. Banxico, which cut the country’s benchmark interest rate by 25 basis points to 7.25% earlier this month, forecasts that inflation will close the year at 3.5%, down from 3.7% as per the previous forecast, and maintained its earlier projection that inflation will hit the 3% target by the third quarter in 2026.

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