Mexico central bank boosts interest rate after Brexit

Mexico's central bank raised its key interest rate by half a point to contain inflation and shore up the peso after its battering following Britain's decision to leave the European Union. Facing the prospect of "sluggish" global growth in the second half of 2016, the bank decided to "increase the interbank base rate by 50 points to a level of 4.25 percent," it said in a statement. "One of the risks for the global economy has materialized after Great Britain's recent decision to end its membershi