Mayor's Murder in Michoacán and Banxico's Rate Decision

Mexico probes mayor's murder. Central bank cuts rates. Peru declares Mexican envoy persona non grata.


Mayor's Murder in Michoacán and Banxico's Rate Decision

Mexico. In the state of Michoacán, the investigation into the murder of Uruapan Mayor Carlos Manzo continues. Law enforcement has identified the perpetrator, who was killed at the scene. The killer was a 17-year-old teenager, the son of a former member of the Supreme Indigenous Council, and is linked to the CING organization. Authorities are also searching for two accomplices who accompanied the perpetrator on the day of the homicide. Authorities also report that the mayor of Zinapécuaro, who was previously missing, has been found alive.

In financial news, the Bank of Mexico (Banxico) cut its key interest rate by 25 basis points to 7.25%, signaling a potential end to the restrictive monetary policy phase.

On the diplomatic front, Peru has declared Mexico's envoy persona non grata in response to accusations against President Sheinbaum, which Mexican authorities deny as an act of interference in internal affairs.