Inflation worries prompt further action from Mexico
Mexico slows pace of rate hikes amid inflation worries and volatile exchange rate
Seeking to anchor inflation expectations, the Bank of Mexico has followed in the footsteps of its US counterpart, raising interest rates by 25 basis points at its latest monetary policy meeting.
In a statement released on March 30, the central bank announced its committee had unanimously voted to raise interest rates to 6.5%.
The hike, the central bank said, would “prevent price contagion effects, anchor inflation expectations and reinforce the contribution of monetary policy to the inflation
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