Traders assign a 92.5% implied probability to the Bank of Mexico holding its benchmark rate steady at the June meeting, reflecting the central bank’s measured approach amid inflation readings that have tracked near the 3% target in recent months. Contained price pressures, combined with resilient but non-accelerating economic activity and a stable labor market, have reinforced expectations that policymakers will maintain the current stance rather than adjust policy. External influences, including the U.S. Federal Reserve’s trajectory and peso exchange-rate dynamics, further support the consensus. An unexpectedly sharp rise in the May or June inflation print or a marked acceleration in domestic demand could still shift the odds, though current data flows suggest limited scope for such a change before the decision.