{
  "data": {
    "id": "banco-de-mexico-2026-02-05",
    "bank": "banco-de-mexico",
    "bankName": "Bank of Mexico",
    "country": "MX",
    "date": "2026-02-05",
    "announceAt": "2026-02-05T19:00:00Z",
    "timezone": "America/Mexico_City",
    "dateStatus": "published",
    "movedFrom": null,
    "rateBefore": 7,
    "step": 0.25,
    "calendarSource": "https://www.banxico.org.mx/monetary-policy/d/{0C35369C-BF8F-E5A8-7710-FD5A6716474F}.pdf",
    "citation": "Listed in Banxico's calendar of monetary policy statements for 2026. Banxico's 2026 calendar (footnote 1) says decisions are announced on Thursdays at 1:00 PM (13:00) CST, as in 2025; Mexico City observes no DST since 2022, so 13:00 UTC-6 = 19:00Z.",
    "settleSource": {
      "role": "decision-statement",
      "pattern": "https://www.banxico.org.mx/publications-and-press/announcements-of-monetary-policy-decisions/{<GUID>}.pdf",
      "foundAt": "https://www.banxico.org.mx/publications-and-press/announcements-of-monetary-policy-decisions/monetary-policy-announcements.html",
      "example": "https://www.banxico.org.mx/publications-and-press/announcements-of-monetary-policy-decisions/{90CDFE48-95B1-290A-F51C-3FAD143B97F2}.pdf",
      "resolvable": false,
      "reads": {
        "right": 0,
        "wrong": 0,
        "void": 0
      }
    },
    "observed": {
      "at": "2026-02-05",
      "rateBefore": 7,
      "rateAfter": 7,
      "direction": "hold",
      "statement": "https://www.banxico.org.mx/publications-and-press/announcements-of-monetary-policy-decisions/{A09BC2E1-83D7-6E38-2C95-1E9D6B4D3D5F}.pdf",
      "observed": true
    },
    "page": "https://macroindex.org/bank/banco-de-mexico/decision/2026-02-05",
    "account": {
      "summary": "Banco de México's Governing Board held the target for the overnight interbank interest rate at 7.00%, pausing its rate-cutting cycle.",
      "vote": "unanimous",
      "reasons": [
        "The Board said it paused the rate-cutting cycle after revising its headline and core inflation forecasts upward, mainly because of a higher-than-anticipated path for core inflation.",
        "It said headline inflation was 3.77% in the first fortnight of January while core inflation rose to 4.47%, and headline inflation was now expected to reach the 3% target in the second quarter of 2027.",
        "It said it needed to keep evaluating the impact of the fiscal adjustments made at the start of the year, along with the exchange rate, weak economic activity and the restriction already in place."
      ],
      "guidance": "The Board said it would evaluate additional reference rate adjustments, taking into account all determinants of inflation.",
      "quote": "Looking ahead, the Board will evaluate additional reference rate adjustments.",
      "links": [
        {
          "label": "Minutes",
          "url": "https://www.banxico.org.mx/publications-and-press/minutes-of-the-board-of-governors-meetings-regardi/{00BBFBEC-02E3-C02E-BA20-7E2D98E7245E}.pdf"
        }
      ],
      "readFrom": [
        "https://www.banxico.org.mx/publications-and-press/announcements-of-monetary-policy-decisions/{A09BC2E1-83D7-6E38-2C95-1E9D6B4D3D5F}.pdf"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T21:49:37.934Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
    "docs": "https://macroindex.org/openapi.json"
  }
}