Claudia Sheinbaum attends the 100th anniversary ceremony of the Bank of Mexico.
MEXICO CITY.- This Monday, the president of Mexico , Claudia Sheinbaum Pardo, attended the celebration of the 100th anniversary of the founding of the Bank of Mexico (Banxico), at the Interactive Museum of Economics (Mide).
In her speech, Claudia Sheinbaum said that "the Bank of Mexico's decisions have contributed to maintaining a stable economic environment," considering the global environment marked by uncertainty resulting from the United States government's new tariff policy.
"This stability has been key to boosting investment, fostering formal employment, reducing exchange rate volatility, and maintaining sustainable public finances," he added in his speech.
📲 President Claudia Sheinbaum highlighted the work of Banxico to maintain the purchasing power of Mexican families and protect those with the least from the ravages of inflation. She also indicated that the Bank of Mexico's decisions have contributed to maintaining a... pic.twitter.com/xuoN1eEUWo
— Notigram (@Notigram) August 25, 2025
The president recalled that the institution "has been the guardian of stability and guarantor of economic sovereignty" of the country (...) and its autonomy and technical rigor" have protected Mexican families from inflation and international crises.
Claudia Sheinbaum took advantage of the celebration to advance the goal of "making the country's financial system more competitive and accessible," asserting that "Mexico is one of the countries that grants the least credit in proportion to its gross domestic product" of the major economies in Latin America and the world.
He said that millions of families, entrepreneurs, and small businesses face "enormous difficulties" in accessing financing, "and without sufficient credit, productive development slows, innovation is limited, and inequality can deepen."
"Financing must cease to be a privilege and become an engine of inclusive development. A country with low inflation but insufficient credit is a country that falls short of its growth potential," he explained.
I congratulate the Bank of Mexico on its first 100 years. I thank Governor Victoria RodrĂguez Ceja for the invitation to the ceremony. pic.twitter.com/KBqI2HP0Sx
— Claudia Sheinbaum Pardo (@Claudiashein) August 25, 2025
Through her account on the social network "X", formerly Twitter, the head of the federal Executive congratulated the Bank of Mexico for its first 100 years and thanked Governor Victoria RodrĂguez Ceja for the invitation to the anniversary ceremony.
Claudia Sheinbaum, however, avoided commenting on her proposal to open a debate on whether the central bank should expand its mandate beyond the current inflation control to stimulate growth.
In her turn, Banxico Governor Victoria RodrĂguez, who unveiled the commemorative plaque for the 100th anniversary with Claudia Sheinbaum, recalled that in 2021 the bank faced one of the most challenging environments in recent decades, "characterized by unprecedented inflationary pressures arising from the aftermath of the COVID-19 pandemic, armed conflicts on various fronts, and trade disputes."
He specified that between March 2023 and March 2024, "a maximum interest rate level of 11.25% was maintained."
"This restriction contained pressures, maintained anchoring of longer-term inflation expectations, and subsequently contributed to the advancement of the Mexican economy's disinflationary process," he emphasized.
In the framework of the centennial of #BancodeMĂ©xico , the commemorative coin was presented and the plaque honoring 100 years of service and commitment to Mexico was unveiled. #100AnniversaryBanxico #YourCentralBank pic.twitter.com/kGRV1XZBJN
— Bank of Mexico (@Banxico) August 25, 2025
Victoria RodrĂguez explained that, given this new circumstance, a cycle of reductions in the reference rate began in early 2024 and during the first half of 2025 "to bring it to a level consistent with current conditions and challenges."
Banxico had already announced that in its upcoming meetings it would consider interest rate cuts, taking into account the effects of all the determinants of inflation.
On August 7, Banxico lowered the interest rate to 7.75%, its ninth consecutive cut and the first of 25 basis points, following four cuts of 50 points.
Despite the imposition of tariffs by the United States, Mexico, whose economy grew 1.5% in 2024 and reported 0.7% growth in the second quarter of 2025, has managed to avoid the recession predicted by analysts.
The central bank will announce its next monetary policy on September 25.
You might also be interested in : “ Jerome Powell: Risks to the economy “are changing” and points to a rate cut ”
yucatan
