Bank of Mexico Raises Rates for Sixth Consecutive Time

MEXICO CITY—The Bank of Mexico lifted interest rates by a quarter percentage point Thursday, a further indication that the central bank is worried about rising inflation that hit an eight-year high last month.

The overnight interest-rate target now stands at 6.75%, the highest since March 2009. The central bank has raised the rate six meetings in a row since September.

Many economists were expecting the bank to stand pat on…

Source

READ ---  Blue Apron May Need to Raise More Money Soon After Shrunken IPO