The Bank of Mexico's board decided by a majority on Thursday to raise the benchmark interest rate by 25 basis points to 4.25%, saying it was necessary to avoid adverse effects on inflation expectations and citing price formation in the United States.
Fed s hawkish tilt pressures Mexico s Banxico, but no hike seen msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Mexico s central bank delivers own hawkish surprise with rate hike reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.