Banxico holds rates at 7.00%, as expected in unanimous decision

• The Governing Board deemed appropriate on this occasion to pause the rate-cutting cycle, consistent with the assessment of the current inflationary outlook. 
• Looking ahead, the Board will evaluate additional reference rate adjustments. (prev. Looking ahead, the Board will evaluate the timing for additional reference rate adjustments.)
• The risks for the trajectory of inflation are considered closer to balance, but they remain biased to the upside

Inflation Forecasts