Bank of Mexico orders largest-ever rate hike

The Bank of Mexico
The Bank of Mexico
Photo: Daniel Hinge

The board of directors of the Bank of Mexico ordered a 75 basis point hike on June 23, bringing the reference rate to 7.75%. The move is the largest single increase in the policy rate since the Bank of Mexico adopted an interest rate target in January 2008.

The June 23 decision is the ninth rate increase in the last 12 months. The Bank of Mexico has gradually sped the pace of its policy tightening: after four 25bp hikes between June and November 2021, the central bank board shifted to 50bp

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: