MEXICO CITY (AP) — Mexico’s central bank has raised a key interest rate by half a percentage point as it tries to bolster the peso and avoid inflation.
The Bank of Mexico said Thursday in a statement that it raised the interbank rate to 4.25 percent from 3.75 percent.
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The Mexican peso has been sliding against the dollar in recent months. It fell further on the heels of uncertainty unleashed by Great Britain’s vote to leave the European Union.
