CENTRAL BANK SPOTLIGHT / MEXICO
Banxico & the Mexican peso
The latest official policy decision, the next scheduled announcement and what to watch for USD/MXN.
Latest source observation
THE POLICY PICTURE
Banxico at a glance
Official policy data, checked hourly. Calendar checked daily.
Follow USD/MXNEffective November 6, 2026
13:00 Mexico City time · subject to changes
Calendar checked: November 6, 2026, 14:26 UTC
Announced November 5, 2026
The effective date and last source-check time are separate.
THE DECISION TRAIL
Recent Banxico rate decisions
| Announcement | Decision | Source |
|---|---|---|
| −25 basis points | Statement ↗ | |
| Unchanged | Statement ↗ | |
| Unchanged | Statement ↗ | |
| Unchanged | Statement ↗ | |
| −25 basis points | Statement ↗ | |
| −25 basis points | Statement ↗ |
Source: Banco de México policy announcements ↗. Checked hourly; successful source responses are cached.
How Banxico can affect USD/MXN
Changes in Mexican rate expectations can alter the appeal of peso-denominated assets relative to US assets. The exchange-rate reaction also depends on what markets expected, US policy, inflation and risk appetite. A rate cut does not guarantee a particular currency move.
A higher USD/MXN rate means a weaker peso against the dollar; a lower rate means a stronger peso. Follow the quote and reported market reaction together.
Banxico questions
What is Banxico?+
Banxico is the common name for Banco de México, Mexico’s central bank. Its policy decisions are a key part of the backdrop for the Mexican peso.
When is the next scheduled rate decision?+
The panel above selects the next future decision from the official calendar and shows the last successful calendar check. Scheduled announcements are at 13:00 Mexico City time; dates can change.
Is the policy rate updated live here?+
The official policy rate is checked hourly and the calendar daily. The effective date identifies when the rate applies; the last-check timestamp shows when the source was fetched. If verification fails, older saved information is labelled explicitly.