# Mexican Peso edges higher in wake of Banxico decision

> The Mexican Peso edged higher on September 27 after Banxico cut its policy rate by 25 basis points to 10.50% as widely expected. The central bank also lowered its headline and core inflation forecasts, which suggested further rate cuts could follow.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/28536-mexican-peso-edges-higher-in-wake-of-banxico-decision
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Expectations of further Banxico easing point to a weaker peso over time, which would raise the peso cost of dollar-priced feed imports into Mexico.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/mexican-peso-weakens-further-after-banxico-decision-to-cut-interest-rates-202409270919

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