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Mexico central bank responds to Trump tumble

Tuesday, November 15, 2016

Mexico's central bank is expected to hike interest rates on Thursday after the election of Donald Trump as U.S. president sparked a historic tumble in the peso currency that threatens to fan inflation.

The central bank will raise its benchmark interest rate by half a percentage point to 5.25 percent, according to the median of a Reuters poll of 15 analysts.

Source: Reuters