- Analytics
- News and Tools
- Market News
- Mexico central bank raises benchmark interest rate to 9.25% from 8.50%
Mexico central bank raises benchmark interest rate to 9.25% from 8.50%
The Mexico central bank, Banxico, said the board was unanimous on the rate decision where it raised the benchmark interest rate to 9.25% from 8.50%.
Key notes
- Says the balance of risks for the trajectory of inflation within the forecast horizon remains biased significantly to the upside.
- Says the board will thoroughly monitor inflationary pressures as well as all factors that have an incidence on the foreseen path for inflation and its expectations.
- Says the board will assess the magnitude of the upward adjustments in the reference rate for its next policy decisions based on the prevailing conditions.
- Says an environment of uncertainty prevails, while the balance of risks for economic activity remains biased to the downside.
- Says the accumulated inflationary pressures associated with both the pandemic and the military conflict continue affecting headline and core inflation.
- Sees average annual headline inflation of 8.6% for the fourth quarter of 2022.
Meanwhile, USD/MXN is 0.25% bid on the day at 20.1570.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
