Rates round-up: Mexico adds 50bp

Mexico delivers surprise; Peru pauses tightening cycle; mixed decisions in Europe

The Bank of Mexico
The Bank of Mexico
Daniel Hinge

Mexico: Citing an increase in core inflation, the Bank of Mexico’s board unanimously decided to add 50 basis points to the policy rate at its February 9 meeting, to 11%.

Although analysts had widely expected the central bank to raise rates, the increase was larger than expected.

Policy-makers said further rate hikes were likely. However, given the increases already undertaken, the central bank suggested the next “upward adjustment to the reference rate could be of lower magnitude”.

The board

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.