Mexico Banxico Interest Rate Decision meets forecasts (8%)

Jun 26, 2025

GBP/JPY holds near YTD highs as Bailey flags sticky inflation, BoJ remains cautious

The British Pound (GBP) strengthens modestly against the Japanese Yen (JPY) on Thursday, with the GBP/JPY pair trading near year-to-date highs. While gains are limited, the cross remains underpinned by a broadly bullish technical setup, keeping the uptrend intact.

Banxico cuts rates by 50 basis points to 8% as expected

On Thursday, Banco de Mexico decided to reduce interest rates by 50 basis points, leaving the main interest rate near 8%. The decision was not unanimous, as the Deputy Governor, Jonathan Heath, voted to hold rates unchanged at 8.50%.

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Mexico Banxico Interest Rate Decision meets forecasts (8%)

GBP/JPY holds near YTD highs as Bailey flags sticky inflation, BoJ remains cautious

Banxico cuts rates by 50 basis points to 8% as expected