Economics
Mexico Delivers Second Straight Rate Hike on High Inflation
- Quarter-point hike brings rate to 4.5% as inflation stays high
- Banxico board splits again on the decision to boost the rate
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Mexico’s central bank raised borrowing costs for the second consecutive meeting Thursday, as stubbornly elevated and above-target consumer price increases are pushing inflation expectations higher for this year and next.