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Bank of Mexico Minutes Stress Core Inflation Concerns
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wsj.comMEXICO CITY—Mexican central bankers were concerned about rising core inflation and its effect on inflation expectations when they raised interest rates by a half percentage point at their meeting earlier this month, minutes of the meeting showed Thursday.
The five-member board of governors voted 4-1 on Feb. 10 to increase the overnight interest-rate target from 5.5% to 6%, a sixth straight increase and second consecutive half-point rise in the rate.
Board...
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