Mexico: Banxico raises rates by 25 basis points to 11.25% as expected – by MSalordFX Mexico USDMXN CentralBanks
Key quotes from the statement:
“The balance of risks for the trajectory of inflation within the forecast horizon remains biased to the upside.” “The Board decided unanimously to raise the target for the overnight interbank interest rate by 25 basis points to 11.25%. With this action, it slows the pace of interest rate increases and the monetary policy stance adjusts to the trajectory required for inflation to converge to its 3% target within the forecast horizon.”
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