# Bank of Mexico cuts rates by 25bp amid slowing inflation - Central Banking

> Banxico cut its overnight interbank rate by 25 basis points to 10.5% on September 26, with four of five committee members in favor and Jonathan Heath voting to hold. The committee said Mexico's economy was undergoing a period of weakness and that employment had slowed, and it noted the peso had been highly volatile since August.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/28537-bank-of-mexico-cuts-rates-by-25bp-amid-slowing-inflation-central-banking
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Easier Mexican monetary policy tends to weaken the peso, which raises the local cost of dollar-priced US feed imports and can slow Mexican buying of US corn and meal.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/monetary-policy/7962409/bank-of-mexico-cuts-rates-by-25bp-amid-slowing-inflation

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