Interest Rate

Fuatilia
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.
Picha iliyoundwa na AI

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

Imeripotiwa na AI Picha iliyoundwa na 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.

Central Bank holds interest rate at 4.5%

The Central Bank council agreed unanimously to hold the monetary policy rate at 4.5% in its June meeting.

Banxico keeps interest rate at 7 percent

Imeripotiwa na AI

The Board of Governors of the Bank of Mexico unanimously decided to keep the target interest rate at 7 percent, pausing the cycle of cuts started in 2024. This decision responds to a complex inflationary landscape, with upward revised forecasts for 2026. The Mexican peso closed at 17.3 pesos per dollar, reflecting market caution.

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Bank of Korea holds key rate steady amid weak won

Jumatatu, 15. Mwezi wa kumi na mbili 2025, 23:57:05

Salmon Bank offers 8% interest rate on time deposits

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