Weekly Report - 19 August 2021 (WR-21-33)

MEXICO | Interest rates lifted. Mexico’s central bank Banco de México (Banxico) lifted interest rates by a quarter of a percentage point on 12 August to 4.5%. This was the second straight increase, following a decision in June to lift interest rates by the same amount. In a split 3-2 vote, Banxico decided that it was necessary to increase interest rates in order to try and bring inflation down towards the annual target of 3%. Annual inflation stood at 5.81% in July.

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