
Mexico’s central bank cut its benchmark rate by 25 basis points to 6.25% in a 3–2 vote, with the new rate taking effect on November 6. The peso weakened 0.99% against the dollar on November 5, while the bank cited easing inflation and economic slack and raised its fourth-quarter 2026 inflation forecast from 3.5% to 3.7%.
The rate cut narrows the interest-rate differential with the United States and may weigh on the peso, increasing the local-currency cost of imported feed and agricultural inputs. The reported exchange-rate move does not establish a direct change in commodity prices.
Not 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.