Mexico Banxico Interest Rate Decision below expectations (7%): Actual (6.75%)

Mar 26, 2026

USD/PHP: Emergency powers weigh on Peso – Commerzbank

Commerzbank economists Dr. Henry Hao and Moses Lim note USD/PHP rose to 60.10 after President Marcos declared a national state of emergency to tackle surging energy prices.

Banxico’s unexpectedly cut rates by 25 basis points to 6.75%

Banco de México, known as Banxico due to its Spanish acronym, unexpectedly cut the country’s main interest rate from 7% to 6.75%.