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Mexico lifts benchmark to highest since 2009

Friday, September 30, 2016

Mexico's central bank raised its benchmark rate 50 basis points to 4.75 per cent on Thursday, hoping to stem risks that a weak peso could fan inflation after a sell-off in the currency sparked by fears Donald Trump could win the White House.

The Banco de Mexico bumped up rates to their highest level since 2009, when the Mexican economy was mired in the global economic crisis.

Source: Reuters