
There is a unique kind of envy brewing in the North American credit markets. While U.S. investors are currently anxiously muddling through a “higher for longer” Federal Reserve cycle, our neighbors to the south have just done something that seems almost mythical in 2026: they’ve effectively completed a 12-step program for interest rate addiction.
This past March, Banco de México (Banxico) lowered its benchmark interest rate by another 25 basis points to 6.75%. Big deal, one-fourth of a point, right? WRONG.