Overview
- Banco de México ended its easing run with a final quarter‑point cut and fixed the benchmark rate at 6.50%.
- The five‑member board split 3–2 on the move and raised near‑term inflation projections even as it reported no second‑round price effects.
- Headline inflation eased to 4.45% in April from 4.63% in March, while core inflation held at 4.26% with services still stubborn.
- The cut contrasted with peers that kept or lifted rates as they weighed Middle East risk and higher energy costs.
- Policy changes in Mexico often take six to eight months to reach borrowers because bank credit equals about 26.6% of GDP, so monthly payments may ease later rather than now.