Bank of Mexico makes third consecutive rate raise
Board says inflation risks are tilted to upside and raises fourth-quarter inflation forecast
The Bank of Mexico board raised its policy rate 25 basis points on September 30, as it revised its inflation forecast for the last quarter of the year.
The decision is the central bank’s third consecutive 25bp increase and brings the interbank interest rate to 4.75%. The board’s statement said that although it expects inflationary pressures to pass, they still could pose “risks for price formation and inflation expectations”.
Banxico has a five-member board, including the governor, which sets
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