Banco de México Cuts Rate to 6.25% as Inflation Forecasts Rise | EconoTimes

Banco de México cut its benchmark overnight rate to 6.25% on Thursday in a split decision, while lifting its forecast for fourth-quarter inflation. The Governing Board voted 3-2 on Nov. 5, with Victoria Rodríguez Ceja, José Gabriel Cuadra García and Omar Mejía Castelazo supporting the cut; Galia Borja Gómez and Jonathan Heath backed keeping the rate at 6.50%. The new lower rate took effect Nov. 6. Banxico raised its 2026 Q4 average annual headline inflation projection to 3.7% from 3.5%, and its core forecast to 3.7% from 3.6%, while holding 2027 Q4 projections at 3.0% for both measures. It cited disinflation continuing and no demand-side pressures.