The Bank of Mexico on Thursday lowered its benchmark interest rate by half of a percentage point in a split vote and left the door open for further cuts, the Wall Street Journal reported. The five-member board of governors voted 4-1 in favor of cutting the overnight interest-rate target to 8% from 8.5%. It is the bank’s fourth straight half-point reduction, and brought the rate to its lowest level in almost three years. Deputy Gov. Jonathan Heath voted to leave the rate at 8.5%. “Looking ahead, the board will assess further adjustments to the reference rate,” the central bank said.

Mexico's banking regulator will temporarily step in to replace the administration of two banks sanctioned by the U.S. for alleged involvement in money laundering linked to organized crime, it said on Thursday, Reuters reported. The nation's banking and securities commission said it will intervene in the operations of CIBanco and Intercam Banco to protect the banks' creditors and depositors. The move comes a day after the U.S. Treasury prohibited certain transactions with the banks, as well as brokerage firm Vector Casa de Bolsa, under new fentanyl sanctions.

Mexico's headline inflation rose in line with expectations in the first half of June, reinforcing expectations that the central bank should continue to steadily bring down interest rates in Latin America's second-largest economy, Reuters reported. Mexican consumer prices rose 0.10% during the first half of June, data from the national statistics agency showed on Tuesday, in line with the 0.11% increase projected by economists in a Reuters poll. The closely watched core price index, which strips out some volatile food and energy prices, climbed 0.22% in early June compared to the prior month.

Mexico's central bank may pause cuts to its benchmark interest rate in the face of an inflationary rebound, deputy governor Jonathan Heath said in an interview with local newspaper El Economista published on Wednesday, Reuters reported. Mexico's annual inflation rate accelerated in May and exceeded the upper-end of the central bank's target range of 3% plus or minus one percentage point. "We expect this small rebound to be temporary and inflation to resume its downward trajectory in the coming months", Heath said.

The Bank of Mexico lowered its economic growth estimates for this year and next, citing uncertainty about the impact of U.S. import tariffs and weakness in domestic consumption and investment, the Wall Street Journal reported. In its quarterly report, the central bank said it expects Mexico’s gross domestic product to grow 0.1% this year, down from it’s previous estimate of 0.6%. The forecast ranges from a contraction of 0.5% to an expansion of 0.7%. For 2026, the bank cut its growth forecast to 0.9% from 1.8% previously.

Mexican officials on Monday laid out a plan to keep the nation on the path toward growth after narrowly avoiding a technical recession in the first quarter, Reuters reported. The nation's annual gross domestic product could tick up 0.7 percentage points if the plan goes into effect, Finance Minister Edgar Amador said, speaking alongside President Claudia Sheinbaum at her morning press conference.

Mexico’s economy posted a slight expansion in the first quarter, allowing President Claudia Sheinbaum to avoid recession as she steers the nation through an unpredictable US tariff policy, Bloomberg News reported. Gross domestic product grew 0.2% in the three months through March, above the 0.1% median estimate of economists surveyed by Bloomberg, after a 0.6% decline in the prior quarter. From a year before, GDP expanded 0.8%, higher than the 0.7% median estimate, according to preliminary data published Wednesday by the national statistics institute.

Mexican lender Banorte will again consider a potential purchase of Banamex, Citi's one-time retail unit in the country which it split off last year, Banorte's CEO told analysts on Wednesday, Reuters reported. "There are a lot of moving pieces," CEO Marcos Ramirez said. "So we will watch closely what's going on and propose." Banorte had previously bowed out of the competition for Banamex in 2022, though Citi was ultimately unable to find a buyer for the unit.

Mexico’s President Claudia Sheinbaum said there’s no agreement yet with her US counterpart Donald Trump after the two spoke last week about lifting US tariffs, Bloomberg News reported. The Mexican head of state said on Monday that they had discussed an existing 25% tariff on imported vehicles and an equivalent one on steel and aluminum. “We didn’t reach an agreement but we did establish our arguments. In the case of steel and aluminum, we established that we have a deficit.