The president stressed that, despite the fact that the Bank of Mexico (Banxico) The reference interest rate lowered access for small and medium enterprises to financing is complex.
Credit in Mexico is divided into three large areas: companies, consumption (credit cards or car financing), as well as mortgages.
Banco de México (Banxico) reduced his last March 9% interest rate after its historical maximum, 11.25%reached in February 2024.
The intentions of President Sheinbaum to reduce the interest rate occur in a context in which the government seeks to boost the economy after different banks and organizations warned that Mexico can have a GDP contraction This year in the face of tariff uncertainty and the weakening of economic activity.
President Sheinbaum will meet with the bankers from Mexico next May 8 at the inauguration of the Banking Convention, which will be in Nayarit.
