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Proceso · Mexico · Banxico cuts to 6.50% and declares its easing cycle over, split 3-2
Foregrounds the 3-2 split — deputy governors Heath and Borja dissenting to hold at 6.75% — reading the divided board as a signal of internal caution about cutting further amid lingering inflation risk.
“With two votes against, Banxico lowers the rate to 6.50% and concludes its cutting cycle.”