6.50% freeze forecast… Rabobank, Mexico decision in the early hours of the 6th

Banxico is expected to hold its overnight policy rate at 6.50% at its December 5 meeting, according to a RaboResearch preview published November 4, with the actual decision due early on December 6 Korea time. The rate has been unchanged since Banxico cut to 6.50% on May 7 and held at three subsequent meetings, including a unanimous board vote on September 24. Rabobank titled its preview "Dovish tone," signaling that the debate is shifting toward when, not whether, the central bank resumes easing. The call is a pre-meeting forecast rather than an outcome, and the article distinguishes the two. What matters for Mexican peso and rate markets is whether the post-decision statement confirms a dovish bias, which would set up expectations for the next move.