Central bank raises interest rate to 11.25%, another record high
The Bank of Mexico (Banxico) has voted to raise its benchmark interest rate by 25 basis points to a record high of 11.25% as it continues its fight against inflation. The central bank’s key rate has now risen 725 basis points in the current tightening cycle, which began in June 2021. Thursday’s unanimous vote by …
Central bank raises interest rate to 11.25%, another record high Read More »