Mexico’s central bank holds interest rate at 6.50% while inflation continues to decline

Mexico’s central bank (Banxico) maintained its benchmark interest rate at 6.50% amid declining inflation, with all board members voting to keep the rate unchanged. Annual headline inflation fell to 3.55% in June’s first half, down from 3.94% in May, while core inflation decreased to 4.12%. Banxico projects further inflation declines but noted risks like geopolitical conflicts and peso depreciation.