# Banxico cuts interest rate, future cuts dependent on peso movement By Investing.com

> Banxico unanimously cut its policy rate by 25 basis points to 10.00% on December 19. Policymakers said future cuts would depend on peso movements, and they raised their inflation forecasts while noting upside risks from possible US tariffs on Mexican goods.

- Date: 2024-12-20 · published 2024-12-20T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/27198-banxico-cuts-interest-rate-future-cuts-dependent-on-peso-movement-by-investing
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Future Banxico moves hinge on the peso, so a weaker currency could slow the easing cycle and affect the cost of imported feed for Mexican buyers. The tariff risk to Mexico's trade with the US is an additional factor for feed and grain flows.

## Read by commodity

- USDMXN: neutral

## Sources

- in.investing.com: https://in.investing.com/news/economy-news/banxico-cuts-interest-rate-future-cuts-dependent-on-peso-movement-93CH-4585767

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