Banxico Governor Says Mexico Need Not Follow the Fed With Rates at 6.5%
The Banxico governor, Victoria Rodríguez Ceja, said on 29 September 2026 that Mexico need not copy US rate moves, with its own rate held at 6.50 percent. The post Banxico Governor Says Mexico Need Not Follow the Fed With Rates at 6.5% appeared first on The Rio Times .
Banxico Governor Victoria Rodríguez Ceja stated on September 29, 2026 that Mexico's central bank does not need to mirror the United States Federal Reserve's interest rate decisions. Speaking to Bloomberg News, Rodríguez Ceja said Mexico has economic flexibility, unlike the US, which has a tight labor market and high demand. The country's Banco de México can monitor a broader economic landscape rather than reacting solely to US rate changes.
Banxico kept its overnight interest rate at 6.50% on September 24, the third consecutive rate hold since May 7. The bank considers factors like inflation, the exchange rate, and economic cycles before making decisions. Rodríguez Ceja hinted at potential future rate cuts, depending on how inflation and the peso's strength evolve.
The central bank aims to provide more detail on the reasons behind its next moves. The last scheduled decision is on November 5, 2026, with minutes due on October 8. The US Federal Reserve raised its key rate by a quarter point on September 16, 2026, to a range of 3.75 to 4.00%. This move, and subsequent Fed meetings, will closely influence Mexico's monetary policy and the Mexican peso's value.
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