Mexico lifts rates amid fall of peso
Friday, November 18, 2016
Mexico’s central bank raised interest rates on Thursday as the country grapples with a weaker peso and uncertainty over the future of Mexico’s relationship with its largest trading partner.
U.S. President-elect Donald Trump’s pledge to revise the North American Free Trade Agreement has caused deep anxiety among Mexican leaders and businesses. Mexico sends 80% of its exports to the U.S. market.
Source: Wall Street Journal