The Bank of Mexico lowered its key interest rate for an eleventh policy session in a row in a bid to bring inflation close to the 3 percent target and to support a sluggish economy facing significant uncertainty due to trade tensions, and signaled more rate cuts ahead.
The Banxico Governing Board, led by Governor Victoria Rodríguez Ceja, cut the target for the overnight interbank interest rate by 25 basis points to 7.25 percent, as expected, in a split vote of 4-1. Deputy Governor Jonathan Heath again favored a decision to maintain the rate unchanged.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.