US EditionMexico's central bank hikes its prime lending rate to 7.75%
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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…
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…
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…
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