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%.
In February, the central bank increased the key rate by 50 basis points to 11.00%, which was unexpected by the market, citing a complex inflation scenario. However, Banxico hinted that future rate hikes could be . . .
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