Mexico central bank makes record rate increase, flags more hikes

Summary by Ground News

The Bank of Mexico on Thursday increased its benchmark interest rate by a record 75 basis points. The bank said it would hike rates again and by as much if necessary to tame inflation. Inflation in the year through mid-June hit 7.88%, well above the central bank's target of 3%.

Mexico central bank makes record rate increase, flags more hikes

10 days ago

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Reuters

Mexico central bank makes record rate increase, flags more hikes

10 days ago·United Kingdom

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IBTimes

Mexico Central Bank Makes Record Rate Increase, Flags More Hikes

The Bank of Mexico on Thursday increased its benchmark interest rate by a record 75 basis points to 7.75%, saying it would hike rates again and by as much if necessary to tame inflation that has surged to double its target. Inflation in the year through mid-June hit 7.88%, data showed earlier in the day, well above the central bank's target of 3%, plus or minus one percentage point..

10 days ago·United States

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Financial Post

Mexico central bank makes record rate increase, flags more hikes

MEXICO CITY -- The Bank of Mexico on Thursday increased its benchmark interest rate by a record 75 basis points to 7.75%, saying more rate hikes would be forthcoming if necessary as the central bank seeks to tame galloping inflation. Read More

10 days ago·Canada

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