Banxico Locks Mexico’s Rate at 6.50% in First Unanimous Vote
Mexico's central bank held its key rate at 6.50 percent and, for the first time in the cycle, the board voted as one, signalling a long pause ahead.
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Mexico Markets Banxico Locks Mexico’s Rate at 6.50% in First Unanimous Vote By Javier Mendoza · June 26, 2026 · 5 min read Daily Brief The morning intel from across Latin America. Free. Subscribe By subscribing you agree to our privacy policy. We never share your email. Markets Key Facts —The decision. Banco de México held its benchmark rate at 6.50% on June 25, the level it reached with a final cut on May 7. —The shift. The five-member board voted unanimously for the first time in this cycle; hawks Jonathan Heath and Galia Borja, who had dissented through the easing, fell into line. —The inflation backdrop. Headline inflation fell from 4.45% in April to 3.55% in the first half of June, back inside the 3% target band (tolerance 2%–4%). —The sticky part.
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