Term
Banxico
Banco de México, the country's central bank. Its main job is keeping inflation low and stable; it sets the reference interest rate in pesos.
In pesos: When Banxico raises its rate, credit cards and car loans get pricier and CETES pay more.
Where to go deeper
3/4 5 min Read What inflation is, and how it hits you Why the same money buys less over time, how a raise can still be a pay cut, and what central banks are actually doing when they raise rates.More terms on the same topic
Educational content only: not financial, investment or tax advice. The numbers are examples to understand the idea, not a forecast or a recommendation.