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 . . .