2017/06/22 | 23:11
(Encyclopedia of this Day News | Iraq News ) - Direct: Raising the Central Bank of Mexico in the basic interest rate for the seventh time in a row, in a bid to curb inflation in the country.
The Central Mexican, on Thursday, raising the benchmark interest rate by 25 basis points to 7%, in line with analysts' expectations of a decision.
The bank predicted the decline of inflation rate in the country during the second half of this year, indicating that the rise in the local currency value of the "peso" will help to reach the inflation target next year.
The Mexican peso rose against the dollar by 0.8%, the US currency to the level of 18.09 pesos to back down at 20:40 GMT.