The Bank of Mexico (Banxico) lowered its interest rate again by 25 basis points, as expected by the majority of the market, which placed it at 7.25%.
It is the third consecutive time that the Mexican central bank reduces by a quarter of a point the reference used to determine the cost of borrowed money.
But so far in 2025 there have already been seven occasions that the target for the Interbank Interest Rate has decreased; three of 25 base points and four of half point.
The Citi survey anticipated this move with 36 of the 37 participating analysts.
It was last February when the Bank of Mexico began its cycle of reductions with 50 basis points, when the objective rate was 9.50%.
Banxico’s monetary policy decision comes a week after the United States Federal Reserve adjusted its interest rates for the second time to leave it in a range between 3.75% and 4%.
Also one day after the Inegi releases the report of the inflation for the entire month of October whose indicator stood at 3.63% at an annual rate in the first fortnight, with the largest price increases in electricity, air transport and packaged tourist services.