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Banamex and BofA expect Banxico to hold its benchmark rate at 6.50% at its November 5 meeting, though a cut carries significant risk. The Mexico-US rate differential is at a record low of 250 basis points, and the peso has weakened from 16.9 to about 18.8 per dollar since September.
A possible Banxico rate cut could weaken the peso further, raising the cost of imported feed ingredients priced in dollars for Mexican buyers.
mx.investing.comJulio Sánchez OnofreNov 4, 2026Not 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.
