Banxico: Cautious after a close call for cut – Rabobank

Rabobank’s RaboResearch Global Economics & Markets team reviews Banxico’s March 26 decision to cut the overnight policy rate by 25bp to 6.75%. The move was a close call, with two governors preferring to keep rates at 7.00%. Rabobank’s RaboResearch Global Economics & Markets team reviews Banxico’s March 26 decision to cut the overnight policy rate by 25bp to… Rabobank’s RaboResearch Global Economics & Markets team reviews Banxico’s March 26 decision to cut the overnight policy rate by 25bp to 6.75%. The move was a close call, with two governors preferring to keep rates at 7.00%. Rabobank’s RaboResearch Global Economics & Markets team reviews Banxico’s March 26 decision to cut the overnight policy rate by 25bp to 6.75%. The move was a close call, with two governors preferring to keep rates at 7.00%. The Bank acknowledges Middle East war risks and now projects inflation at or above 4.0% until Q3 2026, reaching its 3.0% target by Q2 2027.Banxico cuts as inflation risks linger"Banxico announced that it… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.