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Banxico's board voted unanimously to hold its policy rate at 11.25% at its June 22 meeting, the second consecutive hold. The board said rates will stay at this level for an extended period as disinflation proceeds.
Steady high Mexican rates support the peso and keep dollar-based import costs stable, with little direct effect on feed commodity prices.
centralbanking.comVictor Mendez-BarreiraJun 23, 2023Not 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.
