The Bank of Mexico delivered a unanimous 50-basis-point interest rate cut to 9.00% on Thursday, highlighting progress on inflation but warning of heightened uncertainty relating to trade tensions and a weakening economy. The move, which was expected by analysts polled by Reuters, brings Mexico's benchmark rate to its lowest level since September 2022. It was the second consecutive cut of half a percentage point after the bank's five-member governing board sped up its rate-cutting pace at its February meeting.