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Mexico's Central Bank Opens Door to 50bps Rate Cut at Next Meeting After Thursday's 25bps Reduction, Notes BBVA Research
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Mexico's Central Bank Opens Door to 50bps Rate Cut at Next Meeting After Thursday's 25bps Reduction, Notes BBVA Research
Dec 20, 2024 3:35 AM

06:12 AM EST, 12/20/2024 (MT Newswires) -- The Board members of Mexico's central bank (Banxico) voted unanimously to cut the policy rate by 25 bps to 10.0% on Thursday, noted BBVA Research.

The policy statement's forward guidance signals that a string of consecutive rate cuts is set to continue ahead and opens the door for considering larger cuts at "some meetings," said BBVA Research.

However, BBVA Research thinks that the best time to cut the policy rate by 50bps was Thursday since the window will likely close early next year if United States President-elect Donald Trump imposes tariffs and a context of global risk aversion hits the peso, turning Banxico even more cautious.

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