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TIIE. TIIE (Spanish: Tasa de interés interbancaria de equilibrio, English Interbank Equilibrium Interest Rate) is a reference rate for the currency Mexican peso. The TIIE is a representative rate of credit operations between banks and is calculated by the Bank of Mexico.
Reserve Bank of India. 8 February 2023. ^ "BI-Rate". Bank Indonesia. Retrieved 4 May 2024. ^ "Policy Rates". Central Bank of the Islamic Republic of Iran. Retrieved 20 July 2024. ^ "The Monetary Committee decides on January 1, 2024 to reduce the interest rate by 0.25% to 4.5%". Bank of Israel. 1 January 2024.
Mexico suffered from a massive debt crisis in 1982, resulting in the country requesting emergency financing from the IMF. Despite an early period of economic success, a decline in oil prices and an increase in US interest rates caused Mexico to double its debt from 1979 to 1982 causing an excess inflation rate of nearly 60% of its GDP. [6]
Mexico's central bank on Thursday raised its benchmark interest rate 25 basis points to 7.75 percent, in a bid to counteract the effects of a peso slump and keep a downward inflation trend on track.
MEXICO CITY (AP) — The Mexican government said Wednesday it will assume half of the interest rates on bank loans to help rebuild the 377 hotels destroyed or heavily damaged after Hurricane Otis ...
Mexico's central bank held its benchmark interest rate at 7.75% on Thursday. Watch the Mexican peso trade in real time here. Mexico's central bank is held its benchmark interest rate steady ...
In 2023, the Eurozone fell into recession from January to March [222] and also in March, the Eurozone core inflation hit a record 5.7%, the highest level since records began in 2001. [223] On 14 September, the ECB raised the interest rate for the tenth consecutive time to 4%, the highest since the euro was launched in 1999. [224] [225]
Interest rates in 2007 were situated at around 7 percent, [58] having reached a historic low in 2002 below 5 percent. Inflation rates are also at historic lows; the inflation rate in Mexico in 2006 was 4.1 percent, and 3 percent by the end of 2007. Compared against the US Dollar, Mexican Peso has devalued over %7,500 since 1910. [citation needed]