Back

LatinNews Daily - 13 August 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 4.50%. Banxico said in a report that the decision was adopted after three members of Banxico’s board voted in favour of it, while two voted to maintain the interest rate at 4.25%. The Banxico report said that the decision was taken in response to inflationary pressures, after the country registered annual inflation of 5.81% in July, well above Banxico’s 3% +/-1 inflation target range for 2021. The report forecasts that inflation will close this year at 5.7%, up from the 4.8% forecast in its June report.

End of preview - This article contains approximately 106 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

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