Officials at the Banco de Mexico, the Mexican central bank hiked interest rates on Thursday by 25 basis points as widely expected by economists. This pushed the interest rates to 7% in Mexico. Policy makers said that the borrowing costs are now high enough to contain any further rise in inflation. This was seen by the markets as a signal that t...
Agustín Carstens, Governor of Bank of Mexico. Image via Banco de Mexico Market Expecting Further 25bps Rise On Thursday, traders will turn their attention to the Mexican central bank interest rate decision where the bank are widely expected to follow the Fed and hike rates by another 25bps. Banxico has been decisive in their monetary policy ...
Banxico, the Mexican central bank, at its monetary policy meeting yesterday hiked the benchmark interest rates 50 basis points to 6.25% in a widely expected move. The decision to hike interest rates comes amid a modest recovery in the nation's currency which has been repeatedly battered against a stronger US dollar, largely on account of protect...
Historic Devaluation The Mexican Peso has been under significant pressure over the last year, and the current level of devaluation in the currency is historic in both nominal and real terms. In the first 8 trading days of 2017, the Peso lost just under 14% of its value against the US Dollar. The sell -off, which was both abrupt and significan...
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