Mexican central bank interest rates 4.50% vs 4.25% prior



Highlights of the Banxico decision
Previously the Mexican central bank surprised markets with a 25 basis point rate hike to 4.25%.
USD/MXN has been stuck around 20.00 for nine months after a great run lower from 25.00 coming out of the depths of the pandemic. There’s still plenty of work to do to get back to pre-pandemic



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