Mexico Weekly | Monetary hike that helps the peso in the range
Published on Friday, December 18, 2015 | Updated on Saturday, December 19, 2015
Mexico Weekly | Monetary hike that helps the peso in the range
Summary
As expected, the central bank raised the benchmark rate to 3.25%. In line with its communication Banxico said that although domestic conditions do not justify the upward movement, the US monetary normalization was the main factor for the move given the risks of a disorderly depreciation of the exchange rate and its possible effects on inflation and its expectations
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Javier Amador
BBVA Research - Principal Economist
Arnoldo López
Iván Martínez Urquijo
BBVA Research - Senior Economist
Francisco Javier Morales
Documents and files
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