Rates round-up: Mexico and Colombia slow tightening

Guatemala also tightens with 25bp hike; Chile and Dominican Republic continue pauses

The Bank of Mexico
The Bank of Mexico
Photo: Daniel Hinge

Mexico: The Bank of Mexico eased its 21-month cycle of rate hikes on March 30, increasing the key rate by 25 basis points to 11.25%. The central bank has ordered 15 increases since June 2021, when the policy rate was 4%. The five-member board’s decision was unanimous.

The central bank, also known as Banxico, reported a mixed outlook for inflation. On the one hand, “annual headline inflation has decreased more than expected”, and came in at 7.1% for the first two weeks of March. The headline

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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 individual account