凌晨宣布！降息25个基点

Core Viewpoint - The Bank of Mexico has lowered its benchmark interest rate by 25 basis points to 7.50%, marking the eleventh rate cut since the beginning of the easing cycle in early 2024, aimed at addressing a weak economic environment [1][8]. Economic Outlook - A survey of 24 economists indicated expectations for the Bank of Mexico to reduce the key rate to 7.50% during the September 25 meeting, with projections suggesting a further decline to 7.00% by the end of 2024 and additional cuts in 2025 [3]. - The Bank of Mexico anticipates a slowdown in global economic activity in the third quarter of 2025 compared to the previous quarter, influenced by ongoing trade tensions and geopolitical conflicts [3][4]. Inflation Trends - The overall inflation rate in Mexico rose from 3.51% to 3.74% between July and mid-September, while core inflation slightly increased from 4.23% to 4.26% [4]. - The Bank of Mexico has adjusted its overall inflation forecast, expecting it to reach the target level of 3% by the third quarter of 2026, despite a stable long-term inflation outlook above the target [4][8]. Monetary Policy Decisions - The decision to lower the benchmark rate was influenced by the assessment of current inflation conditions, exchange rate trends, and the impact of global trade policy changes [8]. - The Bank of Mexico's board will continue to evaluate the possibility of further rate cuts, ensuring alignment with the goal of achieving a sustainable convergence of overall inflation to the 3% target [8].