Print Edition - 2017-12-16  |  Money Digest

Mexico central bank raises key rate to 7.25pc

- AFP, MEXICO CITY

Dec 16, 2017-

Mexico’s central bank Thursday raised its key rate by 25 basis points to 7.25 percent, faced with a rebound in consumer prices in November in the third-largest economy in Latin America. “The landscape in terms of inflation has become more complicated,” the central bank said in a statement. It was the bank’s first meeting since Alejandro Diaz de Leon took the helm, replacing Agustin Carstens. Inflation reached 6.63 percent in November, close to its 16-year record, while prices in the energy sector as well as fruits and vegetables are rising, and the peso is suffering from depreciation. The central bank has already had to raise the key rate several times in recent months. 

Published: 16-12-2017 08:42

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