Pantheon Macroeconomics - Mexico's central bank, Banxico, last night capitulated again to the depreciation of the MXN and increased interest rates by 50bp, for the third time this year. This week's rebound in the currency was not enough to prevent action.

Latin America | 30 September. 2016 Trump Fears Prompts a Rate Hike in Mexico, the MXN Rallies, for Now
Mexico's central bank, Banxico, last night capitulated again to the depreciation of the MXN and increased interest rates by 50bp, for the third time this year. This week's rebound in the currency was not enough to prevent action.

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30 September. 2016 Trump Fears Prompts a Rate Hike in Mexico, the MXN Rallies, for Now

By Andres Abadia

Mexico's central bank, Banxico, last night capitulated again to the depreciation of the MXN and increased interest rates by 50bp, for the third time this year. This week's rebound in the currency was not enough to prevent action.

Posted: 29th Sep 2016 in 'Latin America'

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