The Bank of Mexico cut its key interest for a tenth policy session in a row, on Thursday, in a bid to support the sluggish economy amid high inflation and the heightened uncertainty posed by the U.S. trade tariffs.
The Banxico Governing Board, led by Governor Victoria Rodríguez Ceja, decided to lower the target for the overnight interbank interest rate by 25 basis points to 7.50 percent, in line with expectations. The previous change was a similar reduction in August that followed four half-points cuts since the start of the year.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.