Mexico's central bank tightens monetary policy

The Bank of Mexico tightened monetary policy for the eighth time this year on Friday, raising local interest rates to counter increased inflation expectations.

The central bank increased the amount of its money market liquidity restriction, or "corto," to 63 million pesos ($5.6 million; euro4.23 million) from 57 million ($5 million; euro3.78 million).

The central bank cited "surprisingly high" inflation in the past three months as a reason for the move, with pressure from some prices such as

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