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Day: November 18, 2016
November 182016
Mexican Peso Extends Slump Despite Interest Rate Hike
The recent slump of the Mexican peso, which followed the unexpected outcome of the US presidential elections prompted the central bank of Mexico to raise interest rates yesterday. But that did not help the currency much, and it continued its drop today. The Banco de Mexico increased its benchmark rate by 50 basis points to 5.25% yesterday. It is the highest level in more than 7 years. While the move was not […]
Read more
November 182016
Mexican Peso Extends Slump Despite Interest Rate Hike
The recent slump of the Mexican peso, which followed the unexpected outcome of the US presidential elections prompted the central bank of Mexico to raise interest rates yesterday. But that did not help the currency much, and it continued its drop today. The Banco de Mexico increased its benchmark rate by 50 basis points to 5.25% yesterday. It is the highest level in more than 7 years. While the move was not […]
Read more