Faced with the highest inflation in more than 20 years, the Bank of Mexico continues to raise the interest rate. On Thursday, the central bank's Governing Council voted unanimously for a hike of 75 basis points, bringing it to 9.25%. This is the highest level since Mexico began its current monetary policy in 2008.
The decision of the bank headed by Victoria Rodríguez Ceja follows that of the Federal Reserve in the United States, which also raised its rate by 75 basis points this month. Banxico, as the Bank of Mexico is known, has . . .
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