Mexican Interest Rate Decision 6.50% (Prev. 6.75%)
The Mexican central bank's decision to lower the interest rate to 6.50% from 6.75% indicates a shift towards a more accommodative monetary policy, especially as they signal an end to the tightening cycle initiated earlier this year.
US President Trump says a promise was made that the EU would deliver their side of the deal and, as per agreement, cut their tariffs to zero; however, the EU has until the July 4th, or tariffs would immediately jump to higher levels
Member of the Iran's Parliament's National Security Commission says in my opinion, Iran's security equation regarding the Iraqi Kurdistan Region will also include the UAE, Fars reports
Mexican Interest Rate Decision 6.50% (Prev. 6.75%)
Tasnim reports that some sources say that some of these sounds are related to IRGC naval operations to warn some ships about unauthorized passage through the Strait of Hormuz
Chinese officials say they want a resolution to the Iran war before Trump’s trip to Beijing next week, Bloomberg repoRts
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- Voting in favor of the decision were Victoria Rodríguez, Gabriel Cuadra, and Omar Mejía.
- Galia Borja and Jonathan Heath voted in favor of maintaining the target for the overnight interbank interest rate at 6.75%.
- Looking ahead, the board estimates it will be appropriate to maintain the rate at its current level.
- Decision concludes the cycle that began in March 2024.
This decision could impact MXN as it may signal lower future rates, influencing investor sentiment in both FX and fixed-income markets amidst an environment where inflation concerns play a critical role. Traders should monitor how this aligns with broader trends in global interest rates and potential capital flows into or out of Mexico.
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