The Banco de Mexico hiked by a half-percentage point again earlier this month, taking its main rate to 6.25 percent, after a 14 percent hike in regular gasoline prices drove the annual inflation rate to 4.72 percent, its highest in more than four years. Mexico's central bank should prepare for a slowdown in the country's economy as growth in the US increases, which could affect benchmark interest rates this year, warns new central bank board member and deputy governor Alejandro Diaz de Leon. The Mexican peso has fallen more than 10 percent against the dollar since Trump took office on January 20.
Mexico's central bank should prepare for a slowdown in the country's economy as growth in the US increases, which could affect benchmark interest rates this year, warns new central bank board member and deputy governor Alejandro Diaz de Leon. The Mexican peso has fallen more than 10 percent against the dollar since Trump took office on January 20.