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Mexican central bank in a quandary

Wednesday, September 21, 2016

Mexican economic growth is barely above 2 per cent this year, fiscal policy is also tightening and the rating agencies are warning of a possible downgrade.

Politically too, the falling popularity of President Enrique Peña Nieto, who lost his finance minister following the public relations disaster of Donald Trump’s recent visit, would argue for the central bank to stay on the sidelines.

Source: Financial Times