Published 2 years ago

Mexico raises key interest rate to 8.5 per cent, highest in 16 years

Summary by CTV News

Mexico's central bank has raised its interbank interest rate by 0.75 per cent to 8.5 per cent Thursday -- the highest level in the 16 years since comparable bank policies went into effect.

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CTV News

Mexico raises key interest rate to 8.5 per cent, highest in 16 years

Mexico's central bank has raised its interbank interest rate by 0.75 per cent to 8.5 per cent Thursday -- the highest level in the 16 years since comparable bank policies went into effect.

2 years ago·Canada

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Reuters

Central Bank of Mexico raises interest rate by 0.75% for two consecutive meetings, policy interest rate to record high

[MEXICO CITY 11th Reuters] - On the 11th, the Central Bank of Mexico raised the policy interest rate by 0.75 percentage points as expected by the market, to a record high of 8.50%. The five policy committee members decided unanimously. This is the second interest rate hike of 0.75 percentage points following the previous one. The central bank stated that “based on the actual situation, we will evaluate the range of policy interest rate hikes for…

2 years ago·United Kingdom

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Associated Press News

Mexico raises key interest rate to 8.5%, highest in 16 years

Mexico's central bank has raised its interbank interest rate by 0.75% to 8.5% — the highest level in at least 16 years. The Bank of Mexico cited continuing inflationary pressures, and predicted inflation would peak at 8.5% in the third…

2 years ago·United States

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abc News

Mexico raises key interest rate to 8.5%, highest in 16 years

Mexico's central bank has raised its interbank interest rate by 0.75% to 8.5% — the highest level in at least 16 years

2 years ago·United States

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The Washington Post

Mexico raises key interest rate to 8.5%, highest in 16 years

Mexico’s central bank has raised its interbank interest rate by 0.75% to 8.5% — the highest level in at least 16 years

2 years ago

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KRDO

Mexico raises key interest rate to 8.5%, highest in 16 years

MEXICO CITY (AP) — Mexico’s central bank has raised its interbank interest rate by 0.75% to 8.5% — the highest level in at least 16 years. The Bank of Mexico cited continuing inflationary pressures, and predicted inflation would peak at 8.5% in the third quarter. Authorities did not rule out future rate increases, and Intercam bank says in an analysis report that interest rates could hit 10% or more, depending on inflation. Mexico’s annualized i…

2 years ago·Colorado Springs, United States

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