November 3, 2025

✅ The Bank of Mexico will announce its monetary policy decision today, and we estimate a 25-basis-point rate cut. ✅ In the afternoon, Mexico’s IMEF manufacturing and services indicators for October will be released; they are likely to remain in contraction territory, that is, below 50 points. ✅ Later, the U.S. ISM Manufacturing Index for October will be published. The market consensus expects it to stand at 49.5 points.