End of preview - This article contains approximately 360 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Latin American Economy & Business - December 2016 (ISSN 1741-7430)
Mexico: Carsten tightens – and leaves
On 15 December, Mexico’s central bank (Banco Central de México, Banxico) raised its benchmark interest rate by 50 basis points (bps) to 5.75%, double the 25bps increase expected. The Banxico move came after a 25bps rise in US Prime rate, announced by the Federal Reserve a day earlier, and after news that the long-serving Banxico head, Augustín Carstens, will step down in July 2017 to move to a new role at the helm of the Bank for International Settlements (BIS).
- Venezuela: Monetary chaos
- Region: What to do about hyperglobalisation?
- Brazil: Going off-script?
- Colombia: Waiting for the fiscal reform
- Mexico: Carsten tightens – and leaves
- Trinidad and Tobago: Recession deeper than expected
- Region: A tentative recovery in 2017
- Region: Latin America still lagging in education
- Ecuador: Looking forward, after a tremulous year
- Mexico: Energy reform: on the ‘slope of enlightenment’?
- Region: Corporate Radar