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

Sheinbaum calls for calm amid widespread roadblocks

Sheinbaum calls for calm amid widespread roadblocks

Sheinbaum urged calm as road blockades spread after the killing of CJNG leader “El Mencho”...
El Mencho killing sparks Puerto Vallarta fires and roadblocks

El Mencho killing sparks Puerto Vallarta fires and roadblocks

Authorities say CJNG leader El Mencho was killed in Jalisco, sparking arson roadblocks and travel...
puerto vallarta airport

Flight and bus cancellations hit Puerto Vallarta amid unrest

Airlines and intercity buses paused service in Puerto Vallarta on Feb. 22 as security incidents...
puerto vallarta violence

Puerto Vallarta urges residents to stay inside after violence

Puerto Vallarta officials urged residents to stay home Sunday after violent incidents and road disruptions,...