Bank of Mexico to consider further cuts to benchmark rate
ReutersAug 21, 2025 3:27 PM
MEXICO CITY, Aug 21 (Reuters) - The Bank of Mexico said on Thursday it would consider additional cuts to its benchmark rate, despite some concerns over core inflation, according to minutes of the central bank's meeting released on Thursday.
Earlier this month, the central bank lowered the interest rate by 25 basis points to 7.75%, its lowest level since mid-2022.
"Going forward, the governing board will consider additional cuts to the benchmark rate," the central bank said in a report of the minutes of its decision.
The five-member board was split in its decision, with Deputy Governor Jonathan Heath voting to hold.
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