Reuters logo
Mexico central bank unexpectedly hikes key rate by 25 basis points
May 18, 2017 / 6:14 PM / 4 months ago

Mexico central bank unexpectedly hikes key rate by 25 basis points

MEXICO CITY, May 18 (Reuters) - Mexico’s central bank unexpectedly hiked its benchmark interest rate by 25 basis points to 6.75 percent on Thursday as it sought to keep above-target inflation in check.

Seventeen of the 25 analysts and economists surveyed for a Reuters poll had expected the central bank to keep the rate steady at its current 6.5 percent, although a minority of those surveyed forecast a rate increase.

Reporting by Mexico City newsroom

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below