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Mexico's central bank hikes its prime lending rate to 7.75%

Summary by Ground News
The Banco de Mexico said in the announcement that domestic inflation hit an annualized rate of 7.88% in the first half of June. The bank doesn't expect to achieve its 3% inflation rate target until the second half of 2024. Moody's Analytics Director Alfredo Couti�o says in a report that Mexico's policy rate will continue to tighten.
Mexico's central bank hikes its prime lending rate to 7.75%
10 days ago

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abc News

Mexico's central bank hikes its prime lending rate to 7.75%

Stung by stubbornly high inflation, Mexico's Central Bank has announced a three-quarter-point increase in its prime interest rate, to boost it to 7.75%

10 days ago·United States
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Associated Press News

Mexico's central bank hikes its prime lending rate to 7.75%

Stung by stubbornly high inflation, Mexico's Central Bank has announced a three-quarter-point increase in its prime interest rate, to boost it to 7.75%. The Banco de Mexico said in the

10 days ago·United States
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KVIA

Mexico's central bank hikes its prime lending rate to 7.75%

MEXICO CITY (AP) — Stung by stubbornly high inflation, Mexico’s Central Bank has announced a three-quarter-point increase in its prime interest rate, to boost it to 7.75%. The Banco de Mexico said in the announcement Thursday that domestic inflation hit an annualized rate of 7.88% in the first half of June, and it doesn’t expect to achieve its 3% inflation rate target until the second half of 2024. The bank says global inflation continues to gro…

10 days ago
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KRDO

Mexico's central bank hikes its prime lending rate to 7.75%

MEXICO CITY (AP) — Stung by stubbornly high inflation, Mexico’s Central Bank has announced a three-quarter-point increase in its prime interest rate, to boost it to 7.75%. The Banco de Mexico said in the announcement Thursday that domestic inflation hit an annualized rate of 7.88% in the first half of June, and it doesn’t expect to achieve its 3% inflation rate target until the second half of 2024. The bank says global inflation continues to gro…

10 days ago
Read Full Article
KIFI

Mexico's central bank hikes its prime lending rate to 7.75% - Local News 8

MEXICO CITY (AP) — Stung by stubbornly high inflation, Mexico’s Central Bank has announced a three-quarter-point increase in its prime interest rate, to boost it to 7.75%. The Banco de Mexico said in the announcement Thursday that domestic inflation hit an annualized rate of 7.88% in the first half of June, and it doesn’t expect to achieve its 3% inflation rate target until the second half of 2024. The bank says global inflation continues to gro…

10 days ago
Read Full Article
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