MEXICO CITY—The Bank of Mexico raised interest rates for a 15th consecutive time Thursday, while slowing the pace of monetary tightening as inflation shows signs of easing.

The five-member board of governors voted unanimously to lift the overnight interest-rate target by a quarter percentage point to 11.25%, the smallest increase in the rate since the central bank’s November 2021 meeting.

The...

Bank of Mexico Slows Pace of Interest-Rate Increases

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