Navigating Mexico: Interest Rates Never Looked So Good
In Mexico, Fitch predicted that Banxico will have to continue raising rates, since the fight against inflation is still far from over
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In Mexico, Fitch predicted that Banxico will have to continue raising rates, since the fight against inflation is still far from over
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By THÉRÈSE MARGOLIS Every time the Big Three international rating agencies downgrade the country or it’s state-run oil venture, Petróleos Mexicanos (Pemex), Mexican President Andrés Manuel López Obrador (AMLO) proudly points to the fact that the peso is doing well against the U.S. dollar, with a parity now below 19 to 1. And in most financial universes, a strong currency
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