The Banco de Mexico lifted its key interest rate by 25 basis points to 7.5%. Such move was widely expected by experts. The central bank increased borrowing costs as a measure to combat rising consumer prices after annual inflation climbed to 6.77% in December — more than double the central bank’s target of 3%.
USD/MXN edged up by 0.24% to 1.2598 as of 20:34 GMT today.
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Post tags: Banco de Mexico, Inflation, Interest Rates, Mexico, Peso
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