Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico 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

Garbage collection workers halt service in Puerto Vallarta

Garbage collection workers halt service in Puerto Vallarta

Puerto Vallarta trash workers briefly halted service over labor complaints, adding pressure to the city’s...
Puerto Vallarta Restaurants Chase Michelin Recognition

Puerto Vallarta Restaurants Chase Michelin Recognition

Puerto Vallarta restaurants could receive Michelin or Bib Gourmand recognition as Jalisco joins the 2026...
Canadian Hells Angels suspect arrested in Cancún police operation

Canadian Hells Angels suspect arrested in Cancún police operation

Canadian fugitive Denis Ivziku was arrested in Cancún in an international case tied to alleged...
San Miguel Wins Global Award for Cleaner City Streets

San Miguel Wins Global Award for Cleaner City Streets

San Miguel de Allende earned the Escoba de Oro for cleaning, recycling and sustainability work...