🇲🇽 Mexico — Weekly Briefs

Banxico holds rates at 6.5% as USMCA review begins

Mexico's central bank kept its policy rate unchanged at 6.5% on June 25, signaling the end of its easing cycle amid upside inflation risks. The USMCA review process advanced with bilateral talks concluding late June ahead of the July 1 start, while the peso traded stably near 17.47 per dollar and the IPC index saw minor weekly declines. Growth forecasts remain subdued with ongoing fiscal consolidation and trade uncertainty dominating the outlook.