Daily Brief | June 19 2025

#IntercamNews ✅ The Federal Open Market Committee kept its interest rates unchanged, while cutting its projections for growth and raising those for inflation. ✅ The Timely Indicator of Economic Activity estimates that the Mexican economy could fall by -0.3% y/y in May 2025. By economic activity group, an annual decline of -1.1% is expected in secondary activities and an increase of 0.1% in tertiary activities. ✅ The Bank of England kept interest rates unchanged at 4.25%. The decision was divided, with six members voting to keep rates unchanged and three voting to cut them by 25 basis points.