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Former Banxico research official Enrique Covarrubias, now chief economist at Actinver, told MNI that the central bank's recent 25bp cut may have been its last of the cycle. Further easing would depend on the duration and magnitude of the Iran war, with the terminal rate previously estimated near 6.5%.
A pause or end to Mexican rate cuts supports the peso and keeps Mexican feed-import financing costs elevated, while war-driven oil shocks feed inflation concerns. The direct grain and oilseed price effect is limited.
mnimarkets.comLarissa GarciaMar 31, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
