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24.02 - 22:45
Bank of Mexico Raises Interest Rates Sixth Straight Time
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MEXICO CITY—The Bank of Mexico kicked off 2022 with its sixth consecutive interest-rate increase, citing rising near-term inflation expectations and tightening monetary conditions across the world.
The central bank’s five-member board voted 4-1 Thursday to increase the overnight interest-rate target by a half percentage point to 6.0%. The bank had raised the rate at its previous five meetings, including a half-point increase in December.
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