# Bank of Mexico lowers key interest rate, opens door to larger cuts

> Bank of Mexico cut its benchmark rate and signalled it could make larger cuts later. The statement also flagged peso volatility and the risk of trade measures that could weaken integration with the US.

- Date: 2024-12-19 · published 2024-12-19T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/27193-bank-of-mexico-lowers-key-interest-rate-opens-door-to-larger-cuts
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Lower Mexican rates narrow the carry-trade appeal of the peso, which can weaken it and raise the cost of US feed imports. The reference to trade measures ties the currency outlook to tariff risk on US agricultural exports.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/bank-mexico-lowers-key-interest-rate-opens-door-larger-cuts-2024-12-19/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.