# Mexican monetary policy and peso stability > Live situation record from CLSTR: https://clstr.news/situations/mexican-monetary-policy-and-peso-stability > Updated: 2026-10-20T01:22:55.000Z. Sources: 7. Developments: 2. In late September 2026, the Governor of the Bank of Mexico (Banxico), Victoria Rodríguez Ceja, stated that the depreciation of the Mexican peso was not expected to create additional inflationary pressure, as such factors were already incorporated into projections. She noted that the central bank anticipated inflation would gradually decrease toward a 3 percent target, aided by the bank’s credibility and a low pass-through of exchange rate variations to consumer prices. By October 2026, market analysis indicated a trend toward interest rate stability. A Citi survey of 36 specialists revealed that a majority of analysts expect Banxico to maintain current interest rates through the remainder of 2026 and throughout 2027. This cautious outlook is driven by national currency volatility and a narrowing interest rate differential between Mexico and the United States, particularly as the U.S. Federal Reserve is expected to implement further rate increases. ## Timeline ### 2026-10-20: Mexico central bank interest rates projected to remain stable through 2027 Analysts surveyed by Citi expect Banxico to hold interest rates steady through 2027, despite currency volatility and narrowing rate differentials with the United States. 4 sources. https://clstr.news/cluster/mexico-central-bank-interest-rates-projected-to-remain-stable-through-2027 ### 2026-09-28: Banxico Governor states peso depreciation poses no extra inflationary pressure Banxico Governor Victoria Rodríguez Ceja stated that peso depreciation is not adding new inflationary pressure, as the central bank maintains its target of 3 percent amid diverging US-Mexico interest rates. 4 sources. https://clstr.news/cluster/banxico-governor-states-peso-depreciation-poses-no-extra-inflationary-pressure --- Cite as: Mexican monetary policy and peso stability. CLSTR, https://clstr.news/situations/mexican-monetary-policy-and-peso-stability