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Bank of Mexico Lifts Interest Rates for Seventh Time
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The Bank of Mexico raised interest rates for a seventh consecutive time Thursday, citing higher inflation expectations, the tightening of global monetary conditions, and uncertainty stemming from the Ukraine conflict.
The central bank’s five-member board of governors voted unanimously in favor of a half percentage point increase in the overnight interest-rate target to 6.5%, taking it to its highest level since April 2020.
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