Bank of Mexico concerned about facing inflation, Fed normalization at same time

by Aurelia Butler 19 November 2021, 22:01 109 Views

MEXICO CITY (Reuters) – The Bank of Mexico’s governor Alejandro Diaz de Leon said on Friday that the most complex scenario for the bank would be to face the inflationary challenge and normalization of U.S. monetary policy in an intense and simultaneous manner.

Mexican consumer prices rose 6.24% in the year through October, twice the Bank of Mexico’s inflation target of 3% plus or minus one percentage point, which led to a hike in the benchmark interest rate by 25 basis points on November 11 for the fourth straight policy meeting.

Source: Economy - investing.com

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Bank of Mexico concerned about facing inflation, Fed normalization at same time

Kraken to delist Monero for UK customers by the end of November

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