Mexico city Mexico Target Nov Mexico city Mexico

Bank of Mexico Deputy Governor Sees Risk of Overdoing Rate Increases

Reading now: 198
wsj.com

MEXICO CITY—Bank of Mexico deputy governor Gerardo Esquivel said the central bank runs the risk of raising interest rates too far in its bid to contain inflation, according to the minutes from this month’s monetary policy meeting.The central bank’s five-member board voted 4-1 on Nov.

10 to lift the overnight interest-rate target from 9.25% to 10%, with Mr. Esquivel voting for a half-point increase to 9.75%.

Read more on wsj.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA