Banxico held its overnight rate at 6.50% in both August and September. The Fed's September hike to 3.75–4.00%, and its hold on October 28, complicate the case for easing. El Financiero reports the Banxico board is split over further cuts. The rate target in Banxico's official November announcement settles it. Resolves to the change in the overnight interbank rate target in Banxico's November 2026 policy announcement.
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Banxico held its overnight rate at 6.50% in both August and September. The Fed's September hike to 3.75–4.00%, and its hold on October 28, complicate the case for easing. El Financiero reports the Banxico board is split over further cuts. The rate target in Banxico's official November announcement settles it. Resolves to the change in the overnight interbank rate target in Banxico's November 2026 policy announcement.
See what others are saying about this prediction