The Bank of Mexico cut its benchmark interest rate to a three-year low Thursday as expected and said further reductions are possible, while it still sees inflation returning to its target next year, the Wall Street Journal reported. The five-member board of governors voted 4-1 to lower the overnight interest-rate target by a quarter of a percentage point to 7.50% in a 10th consecutive cut that brought the rate to its lowest level since June 2022. Deputy Gov. Jonathan Heath voted to keep the rate at 7.75%.

Mexico's headline inflation sped up in the first half of September, broadly in line with market expectations, heading closer to the upper limit of the central bank's target, Reuters reported. Consumer prices were up 3.74% in the 12 months through mid-September, statistics agency INEGI said, speeding from a prior figure of 3.49%. While the market expects inflation in Latin America's second-largest economy to reach 3.9% by the end of the year, Banxico, as the central bank is known, targets an inflation rate of 3%, plus or minus a percentage point.

Altos Hornos de México (Ahmsa), once the country's largest steelmaker, is continuing its bankruptcy process by selling assets to raise up to US$1.326 billion, BNamericas.com reported. The second district judge in bankruptcy matters, Ruth Huerta, authorized the public announcement of the proposed sale of the assets of Ahmsa and its subsidiary, Minera del Norte ( Minosa ). Of the total amount, approximately US$1.2 billion corresponds to Ahmsa's assets and US$125 million to Minosa's assets, according to a court settlement dated September 11 and disclosed last week.

The Mexican government turned to international debt markets for the second time this week to prop up flagging state oil producer Pemex, launching $8 billion in bonds on Tuesday, Reuters reported. The fresh offer, reported by IFR, LSEG's fixed-income news service, will help Pemex pay for a $9.9 billion bond buyback launched earlier this month. That buyback offer was oversubscribed by the early tender deadline of Monday, Pemex said. Tuesday's federal bond launch was split into $1.5 billion in notes due 2031, $4 billion maturing in 2033 and $2.5 billion maturing in 2025, IFR reported.

Mexico has started a public consultation process to gather information on the functioning of the United States-Mexico-Canada trade agreement (USMCA), the government's official gazette said on Wednesday, Reuters reported. The evaluation is being carried out ahead of trade deal's planned review, Mexican Economy Minister Marcelo Ebrard said in a video shared on his social media. The USMCA, which replaced the North American Free Trade Agreement in 2020 and was negotiated during U.S. President Donald Trump's first term, requires the three countries to hold a joint review after six years.

Mexican President Claudia Sheinbaum on Thursday said her government was not looking for a conflict with countries on which it plans to increase tariffs, including China, Reuters reported. "We don't want a conflict," Sheinbaum told a morning press conference, adding the measures were intended to boost Mexico's economy and that her government was in talks with ambassadors from countries impacted by the proposed measures.

Mexico said on Wednesday it will raise tariffs on automobiles from China and other Asian countries to 50%, in a broad overhaul of import levies the government said would protect jobs and analysts said was aimed at placating the United States, Reuters reported. The Economy Ministry said that the moves, which will increase tariffs to varying degrees on goods across multiple sectors including textiles, steel and automotive, would impact $52 billion of imports.

Mexico’s budget includes 263.5 billion pesos ($14.1 billion) for its embattled state oil company Petroleos Mexicanos to cover debt expenses in 2026, the latest in a string of financial lifelines for the debt-ridden driller, Bloomberg News reported. The company’s proposed budget for next year totals 517.4 billion pesos ($27.7 billion), 7.7% higher than 2025, according to the document. Mexico expects the company’s oil output to reach 1.8 million barrels per day next year, with an average oil cost of $54.9 per barrel. Oil exports are forecast at 521,000 barrels per day, the budget showed.

Mexican President Claudia Sheinbaum said on Thursday that her government is considering imposing tariffs on imports from countries that do not have trade agreements with Mexico, including China, Reuters reported. The tariffs would be part of "Plan Mexico", an initiative to boost domestic industry amid tariffs imposed by U.S. President Donald Trump on some imports from Mexico.

Mexico's government is set to raise tariffs on Chinese imports, including cars, textiles and plastics, as part of its 2026 budget proposal next month, Bloomberg News reported. The tariff increases may also target other Asian countries, according to sources.