# Mexico | Banxico slows the pace of hikes and hints at possible end of the hiking cycle | BBVA Research

> Banxico raised its policy rate 25 bp to 11.25%, revised down near-term inflation forecasts and dropped its language pointing to further hikes. Future moves will depend on inflation data, and a pause at the May meeting is possible.

- Date: 2023-03-30 · published 2023-03-30T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/37082-mexico-banxico-slows-the-pace-of-hikes-and-hints-at-possible-end-of-the-hiking
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A likely end to the hiking cycle lowers the expected rate differential support for the peso and points to a more stable outlook for the currency. For feed buyers this is a macro factor with limited direct commodity impact.

## Read by commodity

- USDMXN: neutral

## Sources

- bbvaresearch.com: https://www.bbvaresearch.com/en/publicaciones/mexico-banxico-slows-the-pace-of-hikes-and-hints-at-possible-end-of-the-hiking-cycle/

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