Mexico's central bank is expected to raise its benchmark interest rate this week for the fifth meeting in a row, but policymakers are seen slowing the pace of hikes after a rally in the peso, a Reuters poll showed on Monday.
The Banco de Mexico is likely to raise rates on Thursday by a quarter percentage point to 6.50 percent, according to 15 of 24 analysts surveyed by Reuters. Seven thought the bank could deliver a half-percentage point hike, while two saw no move.
Mexico's central bank raised its benchmark rate in 50-basis point moves . . .
This independent news site is supported by subscribers.
Login now, or subscribe today. As a premium subscriber to our independent news site, for as low as .10 cents per day, you'll unlock full news coverage of the events that shape our city, exclusive interviews with local influencers, and in-depth reports that get to the heart of Puerto Vallarta's unique challenges and triumphs, while also learning more about news throughout Mexico that makes a difference. Help us sustain the future of independent journalism in Puerto Vallarta. It's a small market so advertising doesn't make a dent in the costs, but you can help! Subscribe today and become an essential part of the conversation.