Despite surging peso, further interest rate cuts remain unlikely for the foreseeable future

The strong peso has helped curb inflation, but the Bank of Mexico still sees enough price pressure to hold its interest rate steady and delay expected attainment of the 3% inflation goal to late 2027.

President Trump downplayed concerns around the bond market and called for lower interest rates during a meeting with cryptocurrency executives at the White House on Wednesday.  “No, I don’t think so,” Trump told reporters, in response to a question about whether Americans should be concerned about volatility in the bon