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Mexico’s central bank holds interest rate at 6.50% while inflation continues to decline

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The Bank of Mexico (Banxico) board voted on Thursday to maintain the central bank’s benchmark interest rate at 6.50%, even as inflation continues to decline. At Banxico’s fourth monetary policy meeting of 2026, all five members of the central bank’s board voted in favor of keeping the overnight interbank interest rate at 6.50%. Meat prices were a big decliner during the first half of June, at 6.15% compared to the same period last year. (Jose Ignacio-Pompe / Unsplash) Banxico cut its key interest rate to that level in early May , and indicated at the time that there would be no further reductions in the near future. Therefore, Thursday’s decision was no surprise. The Bank of Mexico’s interest rate decision came a day after the national statistics agency INEGI reported that Mexico’s annual headline inflation rate was 3.55% in the first half of June, down from 3.94% across May . Banxico targets 3% inflation, with tolerance for a 2-4% range. In a s...

Mexico extends cell phone registration deadline as millions remain unregistered

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With less than a week to go, a June 30 deadline for pre-paid Mexican cell phone users to link their number to their personal identity has been extended. With less than half of Mexico’s over 140 million phone lines registered, millions of people will now face staggered cutoff dates running from mid-August to late December. The federal government last year implemented a mandatory mobile phone registry policy on the basis of public safety, saying that associating cell phone numbers with personal identities would help reduce telephone fraud, extortion and other crimes whose perpetrators use anonymous or easily rotated numbers. People who hadn’t registered their pre-paid cell phone line by June 30 were set to face service cuts. Officials say the registry will reduce extortion, which is often committed using anonymous, pre-paid phones. (Shutterstock) However, the Telecommunications Regulatory Commission (CRT) on Thursday announced not one but 10 new deadlines, the earliest of...

Mexico in Numbers: All about the southern border

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In last week’s “Mexico in Numbers” article we presented 10 facts about the Mexico-U.S. border . This week, we shift our focus to Mexico’s other land borders, those it shares with the Central American nations of Belize and Guatemala. To enhance your knowledge of Mexico’s southern border, here’s a quick crash course in 10 numbers. 959 This is the length in kilometers of the Mexico-Guatemala border, according to national statistics agency INEGI . The border runs from the Pacific coast in the municipality of Suchiate , Chiapas, to the tripoint monument between Mexico, Guatemala and Belize. The monument is located near Pioneros del Río Xnohá, a community in the municipality of Calakmul , Campeche. The length of the Mexico-Guatemala border is just under one-third (30.5%) of the length of the Mexico-U.S. border, which measures 3,145 kilometers. The Mexico-Guatemala border includes stretches of the Suchiate and Usumacinta Rivers. 288  This is the length in k...

Mexico beats Czechia 3-0, sealing a perfect finish in the World Cup group stage

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Mexican soccer fans celebrated deep into a rainy night after El Tri found the net three times in the second half to ease past Czechia and complete its first-ever perfect group stage performance at a World Cup. With Wednesday’s 3-0 victory at Mexico City Stadium, El Tri finished atop Group A with a 3-0-0 record and remains one of just four teams yet to concede a goal. Teen soccer star Gilberto Mora provided a key pass into the box around minute 60, allowing winger Julián Quiñones to score Mexico´s second goal of the night . (Moisés Pablo / Cuartoscuro.com) Coach Javier Aguirre’s men can now rest and watch how the Round of 32 knockout bracket fills in, knowing they will face a yet-to-be-determined third-place finisher next Tuesday in Mexico City. The team’s perfect record and +6 goal differential ensures that El Tri will finish no worse than fifth-best after the group stage, and thus be matched with one of the worst third-place finishers. A pedestrian first half saw Czechia exert pr...

2 possible hurricanes are forming off Mexico’s west coast

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Mexico’s National Meteorological Service (SMN) is closely monitoring two weather systems in the Pacific Ocean, with concerns that they could develop into hurricanes in the coming days.  By Wednesday morning, the Tropical Wave 8 weather system was located 760 kilometers southwest of Cabo San Lucas in Baja California Sur and moving in a west-northwest direction at a forward speed of 24-32 km/h. It had a 50% probability of cyclonic development within 48 hours as well as over the following seven days, according to Mexico’s National Water Commission (Conagua).  Se mantiene en vigilancia una zona de #BajaPresión al suroeste de las costas de #BajaCalifornia , con 50 % de probabilidad para desarrollo ciclónico en 48 horas y en 7 días. Asimismo, se prevé la formación de otra zona de baja presión en la misma región ⬇️ pic.twitter.com/JWgv6DFwdf — CONAGUA Clima (@conagua_clima) June 24, 2026 The SMN also identified the imminent formation of a second low-pressure area in the same region, wit...

Mexico’s World Cup jerseys are the best sellers in the world, bar none

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The Mexican national team’s jersey for the 2026 FIFA World Cup has become a commercial phenomenon, outselling every other jersey in the Adidas global portfolio, even surpassing world champion teams like Argentina and Spain.  According to ESPN , over a million shirts have been sold during the World Cup, a figure that is expected to rise as the tournament moves forward. The jersey’s remarkable performance is perhaps attributable to the emotional connection Mexicans have with their national team, in addition to Adidas’s commercial strategy.  In an interview with Expansión magazine , Adidas Mexico General Manager Jorge Dionne said that Mexico’s jersey transcends sports and has become an expression of cultural identity and pride.  “The jersey represents Mexico on and off the field,” Dionne said, adding that the t-shirt is one of the “most beautiful designs” because it incorporates Mexican motifs that “make us proud.”  Moreover, the offering has been broadened to three official uniform...

Former ambassador’s new memoir lifts the lid on US-Mexico relations under AMLO

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Former President Andrés Manuel López Obrador (AMLO) was “very concerned” about the information the United States could get from Ismael “El Mayo” Zambada, the Sinaloa Cartel kingpin who was arrested in the U.S. in July 2024 . In his forthcoming memoir, former U.S. ambassador to Mexico Ken Salazar wrote that he was told exactly that by a Mexican businessman who was a “friend and confidant” to AMLO. The former president feared that “El Mayo” would “spill the beans” on corrupt Mexican officials, Salazar wrote, citing information he received from an unidentified businessman he refers to as “the AMLO whisperer” or simply “the Whisperer.” Those excerpts from “Borderlands: My Fight for an Inclusive America” were published on Sunday by the newspaper Reforma, which received an advance copy of the ex-ambassador’s book. A day later, Salazar’s prose reached the morning press conference of ...