Banxico raises growth forecast to 1.5%, but does not lower rates

WHAT HAPPENED

Banxico raised its growth forecast for Mexico in 2026 from 1.1% to 1.5%, but kept the interest rate at 6.50%. In practice, loans and returns linked to that rate remain almost the same.

WHY IT MATTERS

The economy grew more than expected in the second quarter, although Banxico anticipates a slowdown afterward. The pause keeps loans for houses, cars, and consumption expensive, and may hinder construction and investment. Services continue to pressure prices.

AND FOR YOUR PORTFOLIO

For your wallet, taking out a mortgage, loan, or using a credit card is not getting cheaper for now. Those with Cetes or funds linked to the reference rate maintain similar returns. The uncertainty of the T-MEC could also cause some companies to postpone investments.