Rates round-up: Mexico and Colombia slow tightening
Guatemala also tightens with 25bp hike; Chile and Dominican Republic continue pauses
Mexico: The Bank of Mexico eased its 21-month cycle of rate hikes on March 30, increasing the key rate by 25 basis points to 11.25%. The central bank has ordered 15 increases since June 2021, when the policy rate was 4%. The five-member board’s decision was unanimous.
The central bank, also known as Banxico, reported a mixed outlook for inflation. On the one hand, “annual headline inflation has decreased more than expected”, and came in at 7.1% for the first two weeks of March. The headline
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