Mexico’s Rate Curve to Continue Bear-Flattening

Mexico faces a deficit – and Donald Trump

Week Ahead in Global Macro: Sintra, OPEC+, BOE/SNB/NB, BOT/BSP/BCB/Banxico, MSCI, Turkey Elections

Outliers Within EM Rates Amid Rising Volatility of US Rates

Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Founder & Head of Research

Fortress Hill Advisors

Founded in Hong Kong in 2019, Fortress Hill Advisor seeks to provide premium economic and financial researches.

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Macroeconomics

<ul>
<li>Banxico (the Bank of Mexico) cut the policy rate by 50bps to 10.5%, with a cautious stance and a split vote. Inflation has fallen but remains above target.</li>
<li>Global risks, including Trump’s tariff threats, add uncertainty. Despite economic weakness, some monetary tightening may still be needed.</li>
<li>Banxico plans further 50bps cuts, likely pausing at 8.0%, depending on economic conditions.</li>
</ul>


Banxico (the Bank of Mexico) cut the policy rate by 50bps to 10.5%, with a cautious stance and a split vote. Inflation has fallen but remains above target.
Global risks, including Trump’s tariff threats, add uncertainty. Despite economic weakness, some monetary tightening may still be needed.
Banxico plans further 50bps cuts, likely pausing at 8.0%, depending on economic conditions.


Banxico (Bank of Mexico) Review: 50 Bps Cut as Expected