Bank of Mexico raises rates on high inflation and policy uncertainty

The Bank of Mexico
Daniel Hinge

The Bank of Mexico further raised interest rates after its monetary policy meeting on December 20 on high inflation and policy uncertainty around the new government.

The governing board increased the overnight interbank rate by 25 basis points to 8.25%, the highest level since late 2008. The decision follows the rate hike implemented by the Federal Reserve on December 19. In the policy statement, rate-setters stress the increased volatility of the peso’s exchange rate “reflect[s] the

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: