Banxico Raises Key Interest Rate for 10th Time in a Row
XINHUA The Board of Governors of the Central Bank of Mexico (Banxico) agreed Thursday, Aug. 11, to raise the key benchmark interest rate for the 10th consecutive time, in anticipation of higher inflation in the short term. The new rate is 8.5 percent. Five members of the board voted unanimously to increase the target for the overnight interbank interest rate
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