Banxico Cuts Rate to 6.50% Amid Split Vote

Banco de México lowered its benchmark rate by 25 bps to 6.50% on 8 May 2026, matching market expectations.
The decision was not unanimous; board members Jonathan Heath and Irene Espinosa Cantellano voted to keep the rate at 6.75%.
Banxico raised its Q2 2026 inflation forecast to 4.1% from 4.0%, but still expects inflation to reach the 3% target by Q2 2027.