Bank of Mexico continues tightening under new governor
President’s nominee Victoria Rodríguez supports 50bp rate hike in her first policy meeting
The Bank of Mexico continued the tightening process it initiated in 2021 at its first policy meeting under new governor Victoria Rodríguez.
The executive board voted to increase interest rates by 50 basis points to 6% at its meeting on February 10.. The decision follows the 50bp rate hike the board implemented in December.
Rodríguez voted in favour of the decision alongside three other board members, with the sole dissenter Gerardo Esquivel voting to increase rates by 25bp.
In January, year
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