Will Banxico break its hold on March 21?

Delia Paredes & Genevieve Signoret

(Hay una versión en español de este artículo aquí.)

Banxico, on hold since last 30 March 2023, is widely expected to cut rates by 25 basis point to 11.00% from today’s 11.25% at its next meeting, to take place on March 21.

Banxico, on hold now for the past year, is widely expected to cut its policy rate by a quarter percentage point on March 21

Mexico: Monetary policy rate since December 2019 (% per annum)

Source: Bloomberg.