Mexico raises rates for fourth time to tame inflation


Mexico’s central bank raises its benchmark interest rate for a fourth consecutive time – by 25 basis points to 5.0% – to try to curb inflation as the pandemic-hit economy rebounds from a deep recession. – EPA pic, November 12, 2021.

MEXICO’S central bank raised its benchmark interest rate yesterday for a fourth consecutive time to try to curb inflation as the pandemic-hit economy rebounds from a deep recession.

The governing board decided to increase the interbank rate by 25 basis points, to 5.0%, the Bank of Mexico said in a statement.


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