# Banxico Cuts Rate to 6.25% in Split Vote While Fed Holds Rates; Narrower Differential Pressures the Peso

> Banxico cut its policy rate by 25 basis points to 6.25% in a 3-2 vote, while the Federal Reserve had kept its rate unchanged at 3.75%-4.00% in late October. The narrower interest-rate differential coincided with peso depreciation, with the currency approaching 19 pesos per dollar.

- Date: 2026-11-06 · published 2026-11-06T12:09:41.601Z
- Category: macro · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/83832-banxico-cuts-rate-to-6-25-in-split-vote-while-fed-holds-rates-narrower
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A smaller yield advantage for Mexican assets can weaken demand for the peso and push USDMXN higher; the exchange rate may be more sensitive to future Fed decisions.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- elindependiente.mx: https://elindependiente.mx/opinion/2026/11/06/banxico-recorta-a-6-25-en-votacion-dividida-mientras-la-fed-mantiene-tasas-se-estrecha-el-diferencial-y-presiona-al-peso/

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