# Bank of Mexico holds rates again - Central Banking

> 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.

- Date: 2023-06-23 · published 2023-06-23T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/35722-bank-of-mexico-holds-rates-again-central-banking
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Steady high Mexican rates support the peso and keep dollar-based import costs stable, with little direct effect on feed commodity prices.

## Read by commodity

- USDMXN: neutral

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/monetary-policy/monetary-policy-decisions/7959105/bank-of-mexico-keeps-rates-again-at-1125

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