Weekly Report - 19 August 2021 (WR-21-33)


MEXICO | Interest rates lifted. Mexico’s central bank Banco de México (Banxico) lifted interest rates by a quarter of a percentage point on 12 August to 4.5%. This was the second straight increase, following a decision in June to lift interest rates by the same amount. In a split 3-2 vote, Banxico decided that it was necessary to increase interest rates in order to try and bring inflation down towards the annual target of 3%. Annual inflation stood at 5.81% in July.

End of preview - This article contains approximately 253 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.