Banxico Surprises with Rate Cut to 10.75% Amid Inflation Surge and Market Turmoil

The Bank of Mexico (Banxico) unexpectedly reduced its key interest rate to 10.75%. The decision was influenced by several factors. These included rising inflation, recent market instability such as the “Black Monday” stock market crash, and U.S. recession fears. This rate cut, not widely anticipated, comes amidst continuing monetary tightening that started back in June […]