{
  "data": {
    "id": "banco-de-mexico-2026-03-26",
    "bank": "banco-de-mexico",
    "bankName": "Bank of Mexico",
    "country": "MX",
    "date": "2026-03-26",
    "announceAt": "2026-03-26T19:00:00Z",
    "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": "2026-03-26",
      "rateBefore": 7,
      "rateAfter": 6.75,
      "direction": "cut",
      "statement": "https://www.banxico.org.mx/publications-and-press/announcements-of-monetary-policy-decisions/{0C0B38DB-88E4-DBA0-F925-550450052746}.pdf",
      "observed": true
    },
    "page": "https://macroindex.org/bank/banco-de-mexico/decision/2026-03-26",
    "account": {
      "summary": "Banco de México's Governing Board lowered the target for the overnight interbank interest rate by 25 basis points to 6.75%, effective March 27, 2026.",
      "vote": "3–2",
      "dissent": "Galia Borja and Jonathan Heath voted to keep the target at 7.00%.",
      "reasons": [
        "The Board said it continued the rate-cutting cycle taking into account the exchange rate, the weakness of economic activity and the level of monetary restriction already implemented.",
        "It said headline inflation rose from 3.77% to 4.63% between the first fortnights of January and March because of its non-core component, while core inflation was practically unchanged at 4.46%.",
        "It judged that the monetary policy stance attained was adequate to face the challenges of an extension and escalation of the Middle Eastern conflict."
      ],
      "guidance": "The Board said it would evaluate the appropriateness and timing of an additional rate cut depending on macroeconomic and financial conditions.",
      "quote": "the Board will evaluate the appropriateness and timing for an additional reference rate cut",
      "links": [
        {
          "label": "Minutes",
          "url": "https://www.banxico.org.mx/publications-and-press/minutes-of-the-board-of-governors-meetings-regardi/{C34393F1-6F52-BDE9-ADF0-673D1C43F92E}.pdf"
        }
      ],
      "readFrom": [
        "https://www.banxico.org.mx/publications-and-press/announcements-of-monetary-policy-decisions/{0C0B38DB-88E4-DBA0-F925-550450052746}.pdf"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T20:36:59.953Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
    "docs": "https://macroindex.org/openapi.json"
  }
}