Mexico hikes rates

Mexico hikes rates

Mexico Economy & Policy Corporate & Sovereign Strategy

Mexico’s central bank hiked its benchmark interest rate to 7%, a move widely expected after the US Federal Reserve increased rates earlier this month. Banxico’s five-person board voted four-to-one in favor of the hike, sending the Mexican peso to its highest level seen since the US presidential election in November, according to a note from Capital Economics.    The 25bp hike is likely to be the final rate increase for the near future, Capital Economics said. Inflation is expected

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