Mexico central bank hikes interest rate to contain inflation worries

By Kitco News / February 08, 2018 / www.kitco.com / Article Link

MEXICO CITY, Feb 8 (Reuters) - Mexico's central bank raised interest rates on Thursday to a nine-year high, as expected, in order to contain worries that inflation may not cool as quickly as forecast.

Banco de Mexico's governing board unanimously voted to hike the key rate by 25 basis points to 7.50 percent, as forecast by 17 of 20 analysts polled by Reuters last week.


(Reporting by Michael O'Boyle; Editing by Lisa Shumaker)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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