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Mexico's finance minister to ask banks to lower interest rates, president says

BY Reuters | ECONOMIC | 04/14/25 11:04 AM EDT

MEXICO CITY, April 14 (Reuters) - Mexican President Claudia Sheinbaum said on Monday that she had instructed Finance Minister Edgar Amador to speak with banks so they can lower interest rates for both commercial and development loans.

Sheinbaum said that banks should follow the country's central bank, known as Banxico, in cutting rates.

In late March, Banxico cut its benchmark interest rate to 9%, highlighting progress on inflation, but warning of heightened uncertainty relating to trade tensions and a weakening economy.

(Reporting by Raul Cortes; Writing by Stefanie Eschenbacher; Editing by Kylie Madry)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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