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FX.co ★ Banxico Holds Benchmark Rate at 6.50% in June, Extending Pause in Tightening Cycle

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typeContent_19130:::2026-06-25T19:00:00

Banxico Holds Benchmark Rate at 6.50% in June, Extending Pause in Tightening Cycle

Mexico’s central bank left its benchmark interest rate unchanged at 6.50% in June 2026, maintaining its policy stance for a second consecutive month as it balances inflation concerns with support for economic growth.

The decision keeps the key rate at the same level set in May 2026, when Banco de México last adjusted borrowing costs before entering the current holding pattern. With the June move, policymakers signaled continued caution, opting to monitor incoming data and global financial conditions rather than resume tightening or begin an easing cycle.

The latest update, published on 25 June 2026, suggests that Mexico’s rate-setting committee is focused on preserving financial stability and keeping inflation expectations anchored, while weighing the impact of earlier hikes already in the system.

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