Tag - interest rate bank

Banxico raises its interest rate by 25 base points to leave it at 11.25%

economy and politics

Banxico raises its interest rate by 25 base points to leave it at 11.25%

March 30, 2023

Banxico’s inflation target is 3% with a margin of one percentage point up or down. Inflation has been outside this range for 24 consecutive months...

Banxico raises its interest rate to 10% for the first time in history

economy and politics

Banxico raises its interest rate to 10% for the first time in history

November 14, 2022

In its monetary policy statement, Banxico indicates that the pressures for rising prices will continue in the following months: “Both general and...