Banxico Preview: Higher inflation, but can they leave rates unchanged? Joe Perry May 12, 2021 12:37 AM Mexico’s inflation rate for April was 6.08%, the highest since December 2017 Share: As mentioned in the Week Ahead, it’s a slow week for Central Bank meetings. However, the Bank of Mexico (Banxico) meets on Thursday to discuss interest rate policy. Banixco has been lowering rates since before the pandemic began. When the coronavirus hit in the spring of last year, they began to cut more aggressively (as did most central banks). Interest rates in Mexico are currently at 4% and the central bank is expected to leave rates unchanged when they meet this week.