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Primer: Banxico rate decision due Thursday, 6th August 2026 at 20:00BST/15:00EDT

Newsquawk Staff ·

  • Banxico is expected to keep rates on hold at 6.5%, although one analyst surveyed by Reuters expects a 25bps cut. 
  • Looking ahead, the median forecast sees rates on hold through year-end, with 26 out of 28 analysts expecting rates to stay on hold throughout 2027 as well. 
  • Back in May, Banxico announced its decision to cut to 6.5%, concluding the cycle that began in March 2024, with guidance stating it estimates that it will be appropriate to maintain the rate at its current level. This language was maintained in the June meeting, and analysts are broadly expecting rates to be unchanged until the end of 2027. Although in May there were two dissenters,  Borja and Heath, both aligned with the consensus in June. 

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