November 15, 2018 / 7:21 PM / a month ago

Mexico cenbank hikes rate, issues strong warning to incoming govt

MEXICO CITY, Nov 15 (Reuters) - Mexico’s central bank raised its benchmark interest rate on Thursday, saying it could hike again and that policies of the incoming government could fan inflation in a strongly-worded warning to President-elect Andres Manuel Lopez Obrador.

The Bank of Mexico lifted its overnight interbank rate by 25 basis points to a nearly 10-year high of 8.0 percent, as expected by economists, in a divided decision where one member called for a 50-point hike. (Reporting by Michael O’Boyle and Dave Graham)

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