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Illustration of Banxico's interest rate cut to 6.75% amid market declines, peso depreciation, surging oil prices, and Middle East tensions including US-Iran conflict and Strait of Hormuz closure.
Image generated by AI

Banxico cuts interest rate to 6.75% despite inflation and Middle East tensions

Reported by AI Image generated by AI

Mexico's central bank cut its benchmark rate to 6.75% in a split decision, as global markets closed lower amid the US-Iran war. The BMV fell 1.65%, and the peso depreciated 1% against the dollar. Oil prices rose due to the Strait of Hormuz closure.

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