Banxico applies historic rise of 75 basis points: leaves interest rate at 7.75%

Banco de México applies historical interest rate hike of 7.75% amid high inflation

The Bank of Mexico raises the Interbank Interest Rate to 7.75% as a result of some factors such as inflation in Mexico, which reached 7.88% in the first half of June

Banxico raises interest rate to 7.75%, the biggest increase in its history, with the goal of containing inflation

The Bank of Mexico raised the interest rate to 7.75% to curb inflation. The increase was 75 basis points.

Historic increase: Banxico increases interest rate by 75 points to 7.75%

The forecast for headline inflation was revised upwards until the third quarter of 2023, the Bank of Mexico added. The Governing Board intends to continue to increase the benchmark rate in the following decisions, he added.

Banxico applies historic rise of 75 basis points: leaves interest rate at 7.75%

The central bank increased the benchmark for the ninth consecutive time and for the first time by this magnitude since 2008

Banxico raises interest rate by 75 points to 7.75%

The Bank of Mexico (Banxico) raised its benchmark interest rate for the ninth time this Thursday to 7.75% and warned that it will continue to rise.

No surprises, Banxico follows the Fed's line and raises its interest rate by 75 basis points

The governing board of Banco de México, in a unanimous decision, raised the reference rate by 75 basis points to 7.75% in line with market expectations. This is the first time that the central bank has made an increase of that magnitude.