US uncertainty puts Bank of Mexico on edge
Central bank hikes rate by 50bp, as uncertainty from US threatens inflation
The Bank of Mexico continued its hiking cycle at its latest monetary policy meeting, citing a de-anchoring of inflation expectations and risk of contagion as its main concerns.
In a decision that saw interest rates lifted 50 basis points to 6.25% on February 9, the Bank of Mexico took note of the uncertain external environment and the impact it would have on the domestic economy.
At the top of the committee's list was the United States. The central bank believes prospective reforms by
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