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

the real mexico

If you love Mexico, don’t romanticize it. Respect it.

This opinion piece critiques romantic expat content about Mexico and calls for honesty about privilege,...
Mexico New Year rituals

Mexico New Year rituals with grapes and suitcases tonight

Mexico New Year rituals mix 12 grapes, suitcase runs, sweeping, and color-coded underwear—superstition that doubles...
territorial security approach

Territorial security approach in Mexico meets adaptive cartels

Mexico’s territorial security approach can calm hotspots, but cartels adapt fast, shifting violence and extortion...
Order Food in Mexico

Order Food in Mexico Without Sounding Like a Tourist

Use small, polite Spanish phrases, steady rhythm, and the right “por favor” to order smoothly...