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Sunday, December 19, 2021

Bank of Mexico Raises Overnight Interbank Rate by Greater-than-Expected 50 Basis Points

The four previous rate hikes in June, August, September and November had been all 25-basis point changes, and analysts had assumed a similar increment. The rate was cut by three percentage points in 2020 and topped off by a 25-basis point reduction to 4.0% in February of 2021. The vote was not unanimous, as one […]

* This article was originally published here

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