Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries In Mexico, inflation triggers interest rate hike By: FOXNews.com February 09, 2023 at 18:30 PM EST Mexico's reported January inflation rate of 7.91% led the Central American nation's central bank to raise its principle interest rate to 11%. Mexico’s inflation rate rose in January to 7.91%, leading the country’s central bank to boost its principle interest rate to 11% on Thursday.ANNUAL INFLATION RATE IN EGYPT REACHES NEW HIGH AS CURRENCY SURGESThe Bank of Mexico said inflation was not going down as expected, and was likely to remain high for some time. The bank said Mexico’s inflation rate is not likely to decline to the official goal of 3% until late 2024 or early 2025.The bank said underlying inflation showed a "surprising" increase to 8.45%. Food products experienced an annualized inflation of 14%, threatening to erase much of the annual 20% increase in minimum wages announced for 2023.INFLATION IN GERMANY HITS NEAR 50-YEAR HIGH AMID ENERGY CRISISThe central bank’s interest rate is at its highest level since 2007. The Mexican peso rose 0.9% against the U.S. dollar Thursday to close at 18.77 to $1.The bank said in a statement that "among the global risks are a pandemic, the persistence of inflationary pressures, the worsening of geopolitical tensions and tighter monetary and financial conditions." Related Stocks: Fancamp Exploration Ltd Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
In Mexico, inflation triggers interest rate hike By: FOXNews.com February 09, 2023 at 18:30 PM EST Mexico's reported January inflation rate of 7.91% led the Central American nation's central bank to raise its principle interest rate to 11%. Mexico’s inflation rate rose in January to 7.91%, leading the country’s central bank to boost its principle interest rate to 11% on Thursday.ANNUAL INFLATION RATE IN EGYPT REACHES NEW HIGH AS CURRENCY SURGESThe Bank of Mexico said inflation was not going down as expected, and was likely to remain high for some time. The bank said Mexico’s inflation rate is not likely to decline to the official goal of 3% until late 2024 or early 2025.The bank said underlying inflation showed a "surprising" increase to 8.45%. Food products experienced an annualized inflation of 14%, threatening to erase much of the annual 20% increase in minimum wages announced for 2023.INFLATION IN GERMANY HITS NEAR 50-YEAR HIGH AMID ENERGY CRISISThe central bank’s interest rate is at its highest level since 2007. The Mexican peso rose 0.9% against the U.S. dollar Thursday to close at 18.77 to $1.The bank said in a statement that "among the global risks are a pandemic, the persistence of inflationary pressures, the worsening of geopolitical tensions and tighter monetary and financial conditions." Related Stocks: Fancamp Exploration Ltd