Bank of Mexico hints at tougher measures as it raises rates
Banxico ups inflation expectations while government unveils price-cutting plan
The Bank of Mexico continued its policy tightening, but it said it is willing to deploy tougher measures to bring inflation back to target.
The governing board voted to increase the key policy rate by 50 basis points to 7% on May 12. This is the fourth consecutive 50bp rate hike, and the eight consecutive rate increase overall since June 2021, when interest rates stood at 4%.
Irene Espinosa was the five-member body’s only dissenter, voting instead for a 75bp rate increase. Espinosa is the only
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