
Banco de México cut its benchmark rate by 25 basis points, from 6.50% to 6.25%, on November 5, with three board members voting for the reduction and two opposed. The decision came as headline inflation rose from 3.42% to 3.62%, core inflation edged down only slightly, and Banxico raised its average fourth-quarter inflation forecasts.
The cut may weaken the peso and increase the local-currency cost of imported feed ingredients, while higher inflation forecasts add uncertainty to domestic purchasing costs. The currency effect is the clearest potential commodity-market channel; the article does not establish a direct change in supply or demand.
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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.