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Mexican central bank alerted to slowdown

Tuesday, February 21, 2017

Mexico’s central bank should be prepared for a slowdown in its economy while growth in the U.S. accelerates, with potential implications to the path of benchmark interest rates in the coming months, the newest member of the central bank board Alejandro Diaz de Leon said.

A series of rate increases by the central bank in the past year have helped manage the rapid decline of the peso and provide a cushion for the country to adjust "to shocks," such as an increase in prices, Deputy Governor Diaz de Leon said.

Source: Bloomberg