Mexico's central bank lifted its key interest rate for the second month in a row on Friday to tackle inflation that is running at its fastest pace in more than three years.
The central bank raised its key rate by 25 basis points to 8.00 percent at its monthly monetary policy review, saying the outlook for lower economic growth is considerable but that risks to inflation have worsened. The central bank said the rate hike was necessary "to reinforce medium term inflation expectations."