Mexico's central bank is expected to hike interest rates on Thursday after the peso slumped to a record low on uncertainty about the outcome of the U.S. presidential election and the next move of the U.S. Federal Reserve.
The central bank will raise its benchmark interest rate MXCBIR=ECI by half a percentage point to 4.75 percent, according to the median of a Reuters poll of 21 analysts.
Economists said that the bank would likely raise interest rates in a bid to lift the peso and ensure that the depreciation of the currency does not end . . .
