Mexico's Banxico Cuts Overnight Rate by 50 Basis Points to 9.50% in February 2025

Banco de México cut its overnight interbank rate by 50 basis points to 9.50% on Thursday, as the central bank continued the easing cycle it initiated in 2024. The board voted four to one in favour of the half-point cut, with one member preferring a more modest reduction of 25 basis points, according to the policy statement published on the bank's website.

The central bank's statement acknowledged the continued progress on disinflation while noting that the external environment presented risks that warranted attention.