Peso depreciation in response to Trump Auto payment notice

Mexican Beso on Thursday the next day to US President Donald Trump reduced the US dollar to almost 1% against the US dollar Announced to impose a fee of 25% for importing vehicles made outside the United States Starting next week.

Beso was closed at 20.30 am, According to Bank of Mexico (Panico)0.8% depreciation compared to the final position of 20.14 for Wednesday for Green Pack.

Vehicles in Mexico may have been high if the vehicles manufactured in full 25% fee.

Since US content is exempted from duty on vehicles assembled in Mexico, the useful fees on Mexican-made vehicles are low-for the sake of 40% of the US content, 15% in a car with US content.

Peso’s depreciation on Thursday puts the coin in its weak position from March 10.

March 14, The Peso transfer rate was appreciated by a four -month high of 19.84 per dollar. Now that size is 2.3% weak.

Mexico Bank reduces the main interest rate to 9%

Mexico’s ruling board on Thursday voted on Thursday in support of the central bank’s main interest rate by 50 base points.

The decision came three days after the National Statistics Agency announced Mexico’s annual headline inflation rate is at least 3.67% in the first half of March.

Panico targets 3% inflation by enduring 1% point in both directions.

The consensus results of Mexico Board members came to reduce the Benchmark rate by 50 base points Reducing the same amount at the beginning of February.

A Report.

“In view, the Board estimates that it continues to measure the monetary policy position and consider it adjusting it in similar sizes. The inflation is maintaining a control position, but it expects the rate to continue the rate of reduction,” the bank said.

“(Board) takes into account the consequences of the country’s weak economic activities. … The reference rate will be implemented at all times with the reference rate with the path to order to properly and durable the headline in the forecast period.”

When the low rate of Panico comes into effect on Friday, the official credit costs in Mexico are doubled in the United States, where the Federal Reserve Federal Fund is currently fixed at 4.25%-4.5%.

Mexico Beso has long been supported by Beso Mexico’s interest rate and the central bank’s interest rate, but in the last June federal elections, the ruling Maranna party has been severely discredited in the late 2024.

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