# Mexico's inflation rises, leading to interest rate hike | AP News

> Mexico's January inflation rose to 7.91%, prompting the central bank to lift its key rate to 11%, the highest since 2007. The peso gained 0.9% against the dollar after the decision.

- Date: 2023-02-09 · published 2023-02-09T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/37565-mexico-s-inflation-rises-leading-to-interest-rate-hike-ap-news
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Tighter Mexican policy supports the peso and raises the local-currency value of its dollar-linked assets. For feed buyers, a firmer peso eases the cost of dollar-priced imports.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- apnews.com: https://apnews.com/article/inflation-caribbean-mexico-city-business-7e8ff1b060a07c9811c499f62acfa1a8

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.