The Bank of Mexico raised its key policy rate by 25 basis points to 7.5% on February 8, as inflation remains well over target.
In its post-meeting statement, the central bank also highlights that the US Federal Reserve Board may respond to stronger growth with a tighter policy stance than markets anticipated in 2017.
The decision was taken unanimously by the five-member executive board and was the second consecutive hike presided over by governor Alejandro Díaz de León, who succeeded Agustín C
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