LatinNews Daily - 25 June 2021

In brief: Mexico's central bank raises interest rates

* Mexico’s central bank (Banxico) has raised its benchmark interest rate by 25 basis points to 4.25%. Noting signs of economic recovery in March and “certain moderation” in April, Banxico said its governing board voted to increase the interest rate to avoid major fluctuations in the expected inflation rate and promote convergence towards the 3% target after Mexico’s national inflation rate reached 6.02% in the first fortnight of June. The Banxico statement said the central bank was keen to avoid further fluctuations which could prevent Mexico from reaching its target inflation rate. Banxico now expects inflation to reach the 3% target in Q3 2022, however, this estimate could be affected by internal and external inflationary pressures among other changes in the national economy. 

End of preview - This article contains approximately 124 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.