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Banxico raised its target rate by 25 basis points to 7.25% on December 14, following the US Federal Reserve's hike the previous day. The move was the first under new Governor Alejandro Diaz de Leon and takes the rate to its highest level since March 2009.
Analysts expect tighter policy to weigh on 2018 growth and consumption.
Tighter monetary policy slows Mexican growth and meat and feed consumption, which weakens demand for imported feed ingredients.
doi.orgDec 21, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
