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Mexican central bank hikes rates 75 bps to 10%, as expected

Mexican central bank hikes rates 75 bps to 10%, as expected

Central Banks
Adam Button
10/11/2022 | 19:02 GMT
  • That's a hefty rate of return
  • Benchmark rate set at 10.0% from 9.25%
  • One vote for 50 bps
USDMXN weekly
USDMXN weekly

If the US dollar is turning and reshoring is coming then the Mexican peso is a good place to be. It's one of the very few currencies that have beaten the US dollar this year.

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