Mexico cuts interest rates amid war fears driven by US-Israel conflict 🚨
Mexico’s central bank has cut its benchmark interest rate following a split vote, as uncertainty from the US-Israel war on Iran continues to rattle global markets.
Minutes from the Bank of Mexico’s May meeting showed a 3-2 decision, with policymakers warning the conflict is pushing up inflation risks.
All five members flagged the war as a source of upward pressure on prices, though most said the direct impact on Mexico remains limited.
Officials pointed to government fuel price controls as a key buffer against rising energy costs linked to the conflict.