Bank of Mexico expected to raise key rate by 25 basis points on Thursday

According to a Reuters poll on Monday, all 20 analysts surveyed expect the Bank of Mexico, known as Banxico, to hike its benchmark interest rate by 25 basis points on Thursday, but at a more moderate pace due to inflation showing signs of cooling. This would mark the 15th consecutive rate hike by Banxico, raising the key rate to 11.25%.