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 initiated in early 2024 to address a weak economic environment [2][9]. Summary by Sections Interest Rate Decision - On September 25, the Bank of Mexico's board decided to reduce the overnight interbank rate target by 25 basis points to 7.50% [9]. - A Reuters survey indicated that all 24 economists polled expected this rate cut [5]. Economic Outlook - The median forecast suggests that the benchmark rate may drop to 7.00% by the end of this year, with further reductions anticipated in early 2026 [6]. - The Bank of Mexico expects global economic activity to expand at a slower pace in the third quarter of 2025 compared to the previous quarter, influenced by ongoing trade tensions [6]. Inflation Trends - From July to mid-September, the overall inflation rate increased from 3.51% to 3.74%, while core inflation slightly rose from 4.23% to 4.26% [7]. - The Bank of Mexico anticipates that overall inflation will reach the target level by the third quarter of 2026, despite upward risks to inflation forecasts [7]. Monetary Policy Considerations - The board believes that continuing to lower the benchmark rate is appropriate given the current inflation situation, economic activity weakness, and potential impacts from global trade policy changes [9]. - Future rate cuts will be evaluated based on all inflation-related factors, ensuring alignment with the goal of achieving a 3% inflation target [9].