Mexico: After 15 consecutive hikes, central bank keeps key rate unchanged at 11.25%

Share:

As expected, the Bank of Mexico held its key interest rate unchanged at 11.25%. The last time the bank left interest rates unchanged was in May 2021. Since then, it has raised the key rate from 4% to 11.25% in 15 consecutive meetings. The board stated that it “considers that it will be necessary to maintain the reference rate at its current level for an extended period,” and the decision was unanimous.