Mexico’s central bank hiked interest rates to their highest in over seven years on Thursday and warned that the election of Donald Trump had cast doubt on the direction of Latin America’s second-largest economy. The decision to raise its key rate by 50 bps to 5.25% “seeks to counteract inflationary pressures,” Banxico said in a statement, adding that it stood ready to take further action if needed.
Mexico’s central bank hiked interest rates to their highest in over 7 years
