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Banxico Governor Victoria Rodríguez Ceja said the central bank had been weighing a 25-basis-point cut since its September policy decision. She said the board approved the adjustment after reviewing inflation and its determinants, and that inflation had evolved in line with the bank’s forecasts.
Lower interest rates can put downward pressure on the peso, potentially raising the local-currency cost of imported feed and inputs. The currency effect would be supportive of higher USDMXN.
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.