February 8, 2018 / 7:19 PM / 7 months ago

Mexico central bank hikes interest rate to contain inflation worries

MEXICO CITY (Reuters) - Mexico’s central bank raised interest rates on Thursday to a nine-year high, as expected, in order to contain worries that inflation may not cool as quickly as forecast.

Mexico's Central Bank Governor Alejandro Diaz de Leon looks on during a conference at the Autonomous Technological Institute of Mexico (ITAM) in Mexico City, Mexico January 11, 2018. REUTERS/Daniel Becerril

Banco de Mexico’s governing board unanimously voted to hike the key rate MXCBIR=ECI by 25 basis points to 7.50 percent, as forecast by 17 of 20 analysts polled by Reuters last week.

Reporting by Michael O'Boyle; Editing by Lisa Shumaker

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