Mexico has increased its interest rates by 0.50 percentage points, from 4.25% to an annual rate of 4.75%.
The key rates a tool used by Central Banks to implement monetary policy.
An increase in interest rates is used to slow down inflation and protect the currency. .
This change is the first to have taken place since on June30th 2016, when the Central Bank increasedinterest rates by 0.50 percentage points to 4.25%.