Primer: Banxico rate decision due at 19:00GMT/14:00EST

Banxico expected to keep rates on hold at 6.5%. * At its last meeting, Banxico left rates unchanged at 6.50%, as expected, in a unanimous decision. * However, the central bank adjusted its guidance, saying future decisions will consider the ongoing disinflation process and the expected behaviour of its determinants, including exchange-rate pass-through to consumer prices, slack conditions and inflation expectations. * Previously, Banxico had said the Governing Board judged it appropriate to keep the reference rate at its current level. Heading into this meeting, * Pantheon Macroeconomics says Mexico’s stronger retail sales and industrial output have prompted it to raise its Q3 GDP growth forecast, although weak employment and subdued confidence threaten to limit momentum heading into next year. * Pantheon adds that persistent services inflation reinforces its view that Banxico will leave rates unchanged until Q3 2027.