Money & Co: Mexico serious about fighting inflation
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Mexicans are taking the inflation battle seriously enough to risk slowing their economy with higher interest rates, writes Tom Petruno on the Money & Co. Los Angeles Times blog:
The Federal Reserve talks a lot about inflation. The Bank of Mexico does something about it. The Mexican central bank today surprised markets by raising its benchmark short-term interest rate to 7.75% from 7.5%, the first increase since October.
-- Deborah Bonello in Mexico City