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

Vallarta Pride 2026 Road Closures Begin This Week

Puerto Vallarta will close streets in Centro and Zona Romántica as Pride 2026 events begin...
Puerto Vallarta Updates Risk Atlas Before Rain Season

Puerto Vallarta Updates Risk Atlas Before Rain Season

Puerto Vallarta says its official Risk Atlas is being updated to guide emergency planning ahead...
Mexico City Airport Races to Finish World Cup Work

Mexico City Airport Races to Finish World Cup Work

AICM is near the finish line on World Cup upgrades, but visible work remains as...
Sinaloa Ex Security Chief Arrested in U.S. Cartel Case

Sinaloa Ex Security Chief Arrested in U.S. Cartel Case

Gerardo Mérida Sánchez was detained in Arizona as U.S. prosecutors pursue cartel-linked charges against Sinaloa...