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The peso is climbing after Mexico’s central bank hikes rates





Mexico Andres Manuel Lopez Obrador rally campaign


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 >>>

Source:: BusinessInsider.Com

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