Banxico Board Split on Rate Path; Signals Divergence from Fed

Mexico's central bank (Banxico) is internally divided over whether to cut rates below 6.5%, with the board downplaying the significance of diverging from the U.S. Federal Reserve's policy stance. The split suggests uncertainty about the future path of Mexican monetary policy, which could impact the peso and local bond markets. The key question is whether Banxico will prioritize domestic inflation dynamics over external Fed alignment.