The latest interest rate decision from the Bank of Mexico.
The Bank of Mexico's just hiked rates.
Banxico, as the bank is usually called, hiked by 50 basis points to 6.25% in its latest interest rate decision, as most economists were expecting.
This latest rate decision comes amid a recent slight recovery in the peso. The beleaguered Mexican currency is up by about 7% since the day before US President Donald Trump's inauguration.
Thursday's decision marks the third consecutive time Banxico has raised rates since Trump's election in November. The bank hiked by 50 basis points at its November meeting, noting that the US election made the global economy "more complex." And then it hiked again by another 50 basis points in December, which was a more aggressive move than most had been expecting.
Both decisions followed a tumultuous autumn for the Mexican peso, which ended up being one of the big market casualties of the 2016 election.
The Mexican peso is up by 0.6% at 20.3494 per dollar as of 2:02 p.m. ET.
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