Overview

• Mexico’s central bank marks its centenary with its 1993/94 autonomy underscored as a pillar of monetary and financial stability.
• At the anniversary event, President Claudia Sheinbaum urged wider access to credit and greater banking digitalization for households and small businesses.
• Headline inflation is about 3.49% in recent readings, consistent with the 3% target band of plus or minus one point adopted in 2003.
• The reference rate stands at 7.75% after prior reductions, and policymakers have indicated space to assess additional easing as price pressures moderate and growth pauses.
• The question of expanding Banxico’s remit beyond inflation remains under analysis, as former deputy governor Manuel Sánchez cautions that diluting the focus risks undermining hard‑won price stability.