Will the Bank of Mexico announce a decrease at the May meeting?

“Banxico has been in an easing cycle since mid-2024, cutting rates at consecutive meetings. With inflation trending toward target and global slowdown risks, a further 25bp cut at the May 2026 meeting is highly likely, consistent with the ongoing dovish trajectory.”

“Mexico's inflation remains above target, peso stability concerns, and Banxico typically maintains cautious stance. Recent data suggests holding rates more likely than cutting in May.”

“Given current economic conditions and inflation trends, it's more likely the Bank of Mexico will maintain or increase rates rather than decrease them. Recent global economic stability suggests a cautious approach.”