The governor of the Mexican Central Bank (Banxico), Victoria Rodríguez, told Reuters that It provides for new cuts to the reference interest rate if inflation remains stable as expected.
“We foresee that the inflationary environment allows to continue with the cuts cycle at the reference rate”Rodríguez said Tuesday night in written statements.
However, he warned that the uncertain environment and a possible deceleration in the United States suggest that the Mexican economy could present atony for 2025.
In March, the Bank of Mexico applied Sor second consecutive cut of interest rates of half a percentage point, carrying the reference rate to 9%, its lowest level since September 2022.
Mexico’s economy grew 0.2% in the first quarter of 2025 compared to the previous three months, according to official figures, dodging a technical recession.
The uncertain environment, specially linked to the commercial policies of the US president Donald Trump, and a possible slowdown in the United States suggest that Mexico’s economy could remain slow for 2025, Rodríguez warned.
“While it is positive that growth has been reported in that period, it was low, so that the weakness of the Mexican economy persists”he added.
