Puerto Vallarta News

Puerto Vallarta News

Mexico central bank flags further peso risk from Brexit, U.S. election

Most Mexican central bank policymakers fear the country's battered peso currency could suffer further from market volatility stemming from Britain's vote to leave the European Union and the U.S. presidential race.

Policymakers voted 5 to 0 to raise its key rate MXCBIR=ECI by half a percentage point to 4.25 percent on June 30, more than expected, as the majority flagged the need to keep the slumping peso from stoking inflation, minutes of the central bank meeting released on Thursday said.

All policymakers said they raised interest rates in a bid to protect the purchasing power . . .

Read Full Story

Related Posts

Ryan Wedding

FBI seeks Canadian ex Olympian turned Mexico cartel boss

The FBI raised its reward to $15 million for former Olympian Ryan Wedding, accused of...
puerto vallarta earthquake

Magnitude 4 earthquake was reported off Puerto Vallarta coast

A magnitude 4.0 quake struck offshore from Puerto Vallarta before sunrise, far from the city’s...
Guadalajara tourism growth

Guadalajara tourism growth bets big on 2026 World Cup

Guadalajara expects up to 10% more tourism revenue in 2026, powered by new flights and...
Nohoch Mul pyramid

Tourists can again climb Cobá’s Nohoch Mul pyramid

Mexico has reopened Cobá’s 42 meter Nohoch Mul pyramid after six years, with a new...