Bank of Mexico Minutes Show Board Open to More 0.75-Point Rate Increases

MEXICO CITY—Bank of Mexico governors all agreed to raise the reference interest rate by three-quarters of a percentage point last month to rein in inflation, and most are willing to consider further increases of that size, minutes of the meeting showed Thursday.

The central bank’s five board members voted unanimously on June 23 to lift the overnight interest-rate target to 7.75% from 7%, the first increase of that size since the bank adopted the target in 2008.

Source: https://www.wsj.com/articles/bank-of-mexico-minutes-show-board-open-to-more-0-75-point-rate-increases-11657220143?siteid=yhoof2&yptr=yahoo