06:51 AM EDT, 03/28/2025 (MT Newswires) -- Mexico's central bank (Banxico) lowered the policy rate by 50 bps to 9.00% on Thursday, noted BBVA Research.

The statement not only kept a strong dovish tone, but also added some dovish tweaks that signal growing confidence among Board members about the inflation outlook, said BBVA Research.

Banxico still estimates that inflation will reach 3.0% at some point in 2026, as opposed to BBVA Research's view that inflation is more likely to hover around 3.5%.

In a context of rising growth concerns and lower inflation concerns, Banxico left the door wide open to a third straight 50bps cut in May, added BBVA Research.