Banks › Bank of Mexico › History › 25 Jun 2026
Bank of Mexico: decision of 25 June 2026
Banco de México's Governing Board held the target for the overnight interbank interest rate at 6.50%.
Decision
hold
- Rate
- 6.50%=6.50%
- Change
- 0 bp
- Vote
- unanimous
- Announced
- 13:00 Mexico City time
Sources
- Statement
- banxico.org.mx/publications-and-press/announ…
- Minutes
- banxico.org.mx/publications-and-press/minute…
- Recorded
- 25 Jun 2026
- Data
- JSON
What the bank said
The Board said it assessed the exchange rate, the absence of demand-related pressures in the economy and the level of monetary restriction implemented.
It said headline inflation fell from 4.45% in April to 3.55% in the first fortnight of June, with core inflation down to 4.12%.
It said the economy was expected to expand in the second quarter after contracting in the first, but that economic slack would persist throughout the forecast horizon.
Guidance. The Board said it expected it would be appropriate to keep the reference rate at its current level.
“It judges that the monetary policy stance is well-suited to face the challenges posed by the macroeconomic environment”
Before and after
- Previous decision: 7 May 2026, cut the target for the overnight interbank interest rate by 25 bp to 6.50%.
- Next decision: 6 Aug 2026, held the target for the overnight interbank interest rate at 6.50%.
- All Bank of Mexico decisions and the rate history