AFP, Mexico City :
Mexico’s central bank raised its key interest rate on Thursday to its highest level in eight years to curb rising inflation.
The Bank of Mexico raised the benchmark rate by a quarter-point to 6.50 percent, it said in a statement.
That was the highest since 2009 when the country was reeling from the global financial crisis.
It said the rise was prompted by a 20-percent hike in gasoline prices in January that sparked deadly protests.
Prices have also been driven by a depreciation of the Mexican peso.
The bank said the move aimed “to anchor inflation expectations.”
Mexico’s central bank raised its key interest rate on Thursday to its highest level in eight years to curb rising inflation.
The Bank of Mexico raised the benchmark rate by a quarter-point to 6.50 percent, it said in a statement.
That was the highest since 2009 when the country was reeling from the global financial crisis.
It said the rise was prompted by a 20-percent hike in gasoline prices in January that sparked deadly protests.
Prices have also been driven by a depreciation of the Mexican peso.
The bank said the move aimed “to anchor inflation expectations.”
