The Bank of Mexico raised interest rates for a second consecutive meeting Thursday, citing persistent price pressures and supply shocks that it expects will keep inflation above its 3% target into early 2023.
The board of governors voted 3-2 to increase the overnight interest-rate target by a quarter of a percentage point to 4.5%, in line with market expectations. Deputy governors Galia Borja and Gerardo Esquivel voted to leave the rate at 4.25%.
The…
