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The cost of debt in Mexico recorded the largest increase in eight years in January

The financial cost of Mexico's debt registered in January the highest increase in eight years for the same month, amidst maximum levels of the Bank of Mexico's (Banxico) interest rate.

The Ministry of Finance and Public Credit (SHCP) published its public finance report for the year's first month.

It reported that the financial cost of public sector debt registered a 37.1% real annual increase in January, the largest increase observed for January in eight years.

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