México Tasa De Interés

The Bank of Mexico lowered its benchmark interest rate to 10.25% in November 2024, as widely anticipated and aligning with trends in major economies. Global economic growth in Q3 is expected to mirror the previous quarter, though unevenly across countries, while inflation in advanced economies continues to decline, with some nearing central bank targets. In Mexico, financial markets saw volatility, with a depreciated peso and rising government bond yields, as economic activity showed slight improvement but is expected to soften next year. Headline inflation rose from 4.66% in mid-September to 4.76% in October due to supply shocks affecting non-core inflation, while core inflation eased to 3.8%. Despite the recent inflationary pressures, long-term inflation expectations remain stable, and the central bank eased monetary policy, noting improved core inflation trends but maintaining caution due to risks of sticky core inflation and potential currency depreciation.