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.
10 days ago
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