Banxico governors split over impact of Middle East conflict

ReutersApr 9, 2026 3:29 PM

MEXICO CITY, April 9 (Reuters) - The Bank of Mexico's five-member board largely agreed that conflict in the Middle East risked pushing up inflation in Latin America's second-largest economy, according to minutes from the board's March 26 meeting published on Thursday, although the board was split on how limited of a risk the fighting and related disruptions pose to Mexican prices.

The disagreement was reflected in the board's 3-2 decision to ultimately cut the bank's benchmark rate by 25 basis points to 6.75%.

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