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Investigate about the latest rate hike announced by Banco de Mxico (BANXICO): The Governing Board of Banco de Mxico increased the target by 50 basis

Investigate about the latest rate hike announced by Banco de Mxico (BANXICO): The Governing Board of Banco de Mxico increased the target by 50 basis points for the Overnight Interbank Interest Rate at a level of 11.00%, effective as of December 10, February 2023.

Why did you decide to increase it? What effects is it expected to have? What is the future trend? Do you consider it a good or bad decision?

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