COGNICURRENT

The Bank of Mexico has raised its GDP growth forecast for this year from 1.1% to 1.6%, citing economic strength as the main reason for the adjustment.

The Bank of Mexico has increased its growth forecast for the country's GDP to 1.6% for 2026, citing better-than-expected expansion in late 2025.

The Mexican peso depreciated against the dollar as analysts await the quarterly report from Mexico's central bank, Banxico.

Galia Borja, a member of the Banco de México board, indicated that the bank could cut interest rates due to a weakened economy and a stronger peso, suggesting no significant price pressures in the short term.

The minutes from Banco de México's monetary policy meetings reveal limitations in fulfilling the objective of transparently communicating decision-making processes.

The Bank of Mexico's governing board is divided on the timing of a potential interest rate cut, despite a consensus on the one-off effects of recent fiscal adjustments on inflation.

On February 13, 2026, the dollar's interbank exchange rate starts at 17.23 Mexican pesos, reflecting a 0.06% gain amidst a backdrop of a global dollar decline.

The Mexican peso shows a slight appreciation against the dollar amid a calm trading environment and anticipation of upcoming inflation data in the U.S.

Recent criticisms regarding the supposed erosion of credibility and independence of Banxico are deemed unfounded by some analysts.

On February 11, 2026, the Mexican peso strengthened slightly against the dollar, closing at 17.17 units per dollar, aided by positive comments from Banco de Mexico's Jonathan Heath about potential interest rate cuts.

Jonathan Heath, subgovernor of the Bank of Mexico, criticized the central bank's inconsistent approach toward rising inflation and potential rate cuts.

Analysts predict that the Bank of Mexico is likely to maintain its interest rate at 7 percent for the remainder of the year due to strong economic recovery signals.

Inflation in Mexico increased to 3.79% annually in January 2026, surpassing the official target set by the Bank of Mexico.

As of Monday, February 9, 2026, the interbank exchange rate for the dollar in Mexico stands at 17.24 pesos, reflecting a slight change in the market driven by global risk appetite and U.S. consumer confidence statistics.

This week, the Board of Governors of the Bank of Mexico (Banxico) unanimously decided to keep the reference rate unchanged at 7 percent, marking a pause after five consecutive cuts motivated by market expectations.

Banxico's first monetary policy decision of the year, maintaining the benchmark rate at 7 percent, included a notable shift in the target convergence date to 2027.

On February 6, 2026, the interbank exchange rate for the dollar in Mexico is 17.33 pesos, reflecting a 0.98% decline, amid a global market sell-off and a stable interest rate from the Bank of Mexico.

The Board of Governors of the Bank of Mexico (Banxico) has paused its interest rate cuts, maintaining the rate at 7.0 percent while revising its inflation expectations to a convergence goal of 3.0 percent by 2027.

The Mexican peso closed at 17.3 pesos per dollar, showing a slight depreciation as market caution surrounded the upcoming monetary policy decision by the Bank of Mexico (Banxico).

The Bank of Mexico has decided to keep interest rates steady for the first time since June 2024 amid worsening inflation forecasts, a decision widely anticipated by the market.

The Bank of Mexico (Banxico) decided to halt its interest rate cuts, keeping the rate steady at 7% in its first monetary policy decision of the year following a rise in inflation in early January.

The Mexican peso depreciates against the dollar as markets await the Banco de México's first monetary policy decision of 2026, with a 0.30 percent decline noted.

The Mexican Stock Exchange (BMV) experienced a decline, with its main index, the S&P/BMV IPC, dropping 0.26% to 68,554.44 units ahead of the Bank of Mexico's monetary policy decision.

On February 5, 2026, the interbank exchange rate for the dollar in Mexico opened at 17.35 pesos, reflecting a 0.14% gain, while various banks listed their selling prices ranging from 17.52 to 18.20 pesos.

The Mexican peso depreciated by 0.51%, closing at 17.31 units per dollar, as markets adjusted ahead of the Bank of Mexico's expected pause in interest rate cuts.

Grupo Financiero Ve por Más (Bx+) predicts that it will be hard for the Bank of Mexico (Banxico) to meet its 3% inflation target by 2026, suggesting the central bank should halt interest rate cuts.

At the end of January, the amount of money in the Mexican economy decreased by 3,987 million pesos according to data from the Bank of Mexico.

Fear of deportation has led to a 4.6% annual decline in remittances sent to Mexico from the U.S. in 2025, marking the first decrease since 2013, according to Banxico.

In December, remittances from abroad to Mexico reached $5.322 billion, marking a 1.9% year-on-year increase according to the Bank of Mexico, despite a decrease in the number of transactions.

The Banco de México has introduced a new commemorative 100 peso bill to celebrate its centenary, honoring the institution's history while looking toward the future.