The Bank of Mexico raised the interest rate by 75 base points for the second consecutive time to set it at 8.5%, a historical maximum for this institution that is undergoing a harsh adjustment to monetary policy to try to combat the high level of general inflation in Mexico, which remains at the highest level of the last two decades.
For the Bank of Mexico, the previous record in its interest rate was 8.25%, which was presented in August 2008 and December 2018, so the level of this August 11 represents the highest in its . . .
