MNI Banxico Review - Dec 2025: Timing of Next Cut Uncertain
Dec-19 11:10By: Jack Lewis
Mexico
Download Full Report Here: MNI Banxico Review - December 2025.pdf
- Banxico’s governing board cut the overnight rate by a further 25bp to 7.00%, as expected.
- Despite some expectations for a potential adjustment to the vote split, Deputy Governor Heath remained the sole dissenter, voting to keep the policy rate on hold.
- The forward guidance was amended to provide more optionality going forward; however, the central bank’s easing bias has been maintained as we head into 2026.
- Analysts are now split on whether the next cut will be in February, or if a pause is imminent.
