The peso is climbing after Mexico’s central bank hikes rates
|06/21/2018||Posted by BusinessMediaguide.Com under General World News||
- The Mexican peso rose 0.85% versus the dollar Thursday.
- Banco de Mexico raised its main rate to the highest level in nine years.
- Follow the Mexican peso in real time here.
The Mexican peso climbed Thursday after the country’s central bank hiked its key interest rate to a peak not seen in nine years.
The peso was up 0.85% versus the dollar at 2:45 p.m. ET.
Banco de Mexico raised its main rate by 25 basis points to 7.75%, the highest its been since 2009. Most economists had expected the central bank to hike, with only four of 22 economists read more >>>