- BANXICO raises benchmark interest rate to 11.00 pct from 10.50 pct
Market news
9 February 2023
BANXICO raises benchmark interest rate to 11.00 pct from 10.50 pct
Mexico's central bank raises benchmark interest rate to 11.00 pct from 10.50 pct.
The Mexican central bank says board considers given monetary policy stance already attained and depending on the evolution of incoming data, for its next policy meeting, the upward adjustment to the reference rate could be of lower magnitude.
USD/MXN is falling like a stone from the 18.94s to a low of 18.7574 so far:
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