In a shift from their last meeting, policymakers indicated that the peso—in particular, the inflationary effect of its future potential weakness—would now be the first factor among those they’re watching.
By Eric Martin, Bloomberg|February 08, 2018 at 03:42 PM
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Mexico’s central bank raised its key interest rate as expected for a second straight meeting and signaled it will prioritize the peso’s inflation implications rather than moves by the Federal Reserve for its future decisions.