LatAm Daily | Among other measures, Mexico surprisingly increases MPR by 50 bp
Published on Thursday, February 18, 2016
LatAm Daily | Among other measures, Mexico surprisingly increases MPR by 50 bp
Summary
In a joint announcement, Banxico and the Mexican Ministry of Finance adopted fiscal, monetary and exchange rate measures to limit risk to the economy. Among the measures are a 50bp increase in MPR, and a cut in expenditure. S&P has downgraded Brazil’s sovereign rating to BB in a year with significant economic challenges ahead. Further downgrades are likely in the future.
Geographies
- Geography Tags
- Latin America
- Colombia
- Brazil
- Mexico
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist
Documents and files
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