Bank of Mexico hikes rates as inflation rises
Central bank resumes tightening path as Mexican economy faces trade and currency challenges
The Bank of Mexico raised policy rates on December 14, after a six-month hold, to their highest level since February 2009.
The central bank increased the overnight interbank rate a quarter of a percentage point to 7.25%. The Bank of Mexico initiated this tightening cycle in December 2015, when policy rates were at 3.0%.
This was the first monetary policy meeting presided over by Alejandro Díaz de León, who succeeded Agustín Carstens as governor in November. “The main challenge facing the
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