Mexico - January 2022

Economic Highlights

MEXICO | Raising benchmark interest rate again. On 16 December Mexico’s central bank (Banxico) raised its benchmark interest rate by 50 basis points to 5.5%, as it ups efforts to rein in inflation. This is the biggest of five consecutive rate hikes, following increases of 25 basis points in November, September, August, and June. Banxico said in a statement that the decision was taken in response to inflationary pressures, after Mexico registered annual inflation of 7.37% in November, well above Banxico’s 3% +/-1 inflation target range for 2021.

End of preview - This article contains approximately 322 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.