Although inflation is going down, the Bank of Mexico decided to leave the interest rate at its current level, meeting market forecasts and leaving it at 11.25%.

This is the fifth consecutive meeting in which the Governing Board decides to leave the reference unchanged, and in all of them the decision has been unanimous.

Check here: Industrial demand in Querétaro doubles compared to October 2022

Banxico "considers that, to achieve the orderly and sustained convergence of general inflation to the 3% target, it will be necessary to maintain the rate at its current level for a certain time," it noted in its statement.

Banxico's sole and exclusive mandate is to “maintain low and stable inflation”, which is why a new cycle of increases began in June 2021 when the National Index of Prices and Quotations (INPC) was already showing 'signs' of being out. of control.

For its part, inflation at a monthly rate accelerated to 8.7% in August and September 2022, a figure not seen in more than two decades. Since then, the INPC has been on a downward trajectory and stood at 4.26% in October, better than expected by specialists.

Of interest: Starts of industrial construction soar 2.7 times compared to October 2022

However, even with falling inflation, Banxico does not start with the cuts because the Central Bank cannot yet “declare victory” in the ‘battle’ against rising prices.

At Solili you can consult industrial warehouses available in Monterrey, Guadalajara and Mexico City

Original note