Mexico Cuts Interest Rates for First Time Since 2021 as Inflation Eases

• Mexico's central bank cut interest rates for the first time since 2021 to 11% in a split 4-1 decision • The rate cut comes as inflation is slowing in Mexico, giving the bank room to ease policy • The bank's forward guidance was vague, leaving open the possibility of pausing rate cuts soon • Analysts say future decisions will depend on the path of inflation and inflation expectations • The Mexican peso trimmed losses after the surprise rate cut, though policymakers remain cautious