Overall inflation was 4.99% last August due to the slowdown in food prices.
Banxico has said that its decision to lower the reference rate will depend on the behavior of general inflation.
In August, Banxico’s Governing Board decided to lower the reference rate to 10.75% from 11% in a split decision. Cete yields are in line with Banxico’s interest rate.
What is the yield of Cetes?
This week, all Cetes terms showed a reduction in yields.
The 28-day Cetes offer yields of 10.49%, while the 90-day term offered a rate of 10.58%.
At 175 days, the yield was 10.60% and at two years the rate was 10.55%.
