Weekly Report - 18 November 2021 (WR-21-46)

MEXICO | Raising benchmark interest rate. On 11 November Mexico’s central bank (Banxico) raised its benchmark interest rate by 25 basis points to 5.00%, following increases of the same amount in September, August, and June. Banxico said in a report that the decision was taken in response to inflationary pressures after Mexico registered annual inflation of 6.24% in October, well above Banxico’s 3% +/-1 inflation target range for 2021. The report forecasts that inflation will close this year at 6.8%, up from the 6.2% forecast in its September report.

End of preview - This article contains approximately 284 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial