Banxico expected to keep rates steady at 7% as inflation risks rise due to ongoing conflict

101 finance2026/03/20 20:00

By:101 finance

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Banxico Expected to Hold Interest Rates Steady

According to a recent Reuters survey, the Bank of Mexico (Banxico) is anticipated to maintain its benchmark interest rate at 7% during the upcoming March 26 meeting, as ongoing tensions in the Middle East fuel caution.

If the central bank decides not to adjust rates, this will mark the second consecutive meeting where Banxico has paused after previously lowering rates a total of 12 times since the start of its monetary easing phase.

The poll indicates that out of 28 economists, 16 believe Banxico will leave the main rate unchanged. However, a smaller group—including experts from Goldman Sachs and JPMorgan—anticipate the central bank may resume rate cuts, despite the governing board’s recent upward revision of inflation forecasts.

Meanwhile, 11 participants predict a 25 basis point cut, bringing the rate down to 6.25%. This group includes analysts from Bank of America and Barclays. Additionally, one local economist expects a 25 basis point increase, which would raise the rate to 7.25%.

Banxico Main Reference Rate — Tradingeconomics

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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