Saturday, June 22, 2024

Logo Central America Link

Mexican peso's age-old grip on inflation is broken

Tuesday, November 24, 2015

By most traditional economic gauges, little is going right today for Mexico. Growth is sluggish, oil exports are falling and credit markets have started to dry up.

Yet beneath the surface, a surprising and little-understood transformation is ushering in one of the country’s most important developments in years: the peso’s age-old grip on inflation has been broken.

Source: Bloomberg