
Banxico cut its policy rate by 25 basis points to 6.25% in a 3–2 vote, citing continued disinflation and economic slack. The week's developments also included data and events concerning Mexican remittances and business confidence, U.S. midterm elections, employment and manufacturing activity, and euro-area inflation.
Lower Mexican interest rates can weigh on the peso and potentially raise the local cost of imported feed and agricultural inputs priced in dollars. The article provides no specific exchange-rate move or commodity supply change to quantify that effect.
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.