Dec 14, 2015

Mexico will protect peso, Fed not only factor for rates: Carstens

Reuters: Mexico must be ready to "take care" of the battered peso as a U.S. rate hike looms, but U.S. Federal Reserve policy will not be the only factor driving Mexico's rate decisions, Central Bank Governor Agustin Carstens said on Monday.

Carstens leads the Bank of Mexico's five-man board, which is expected to raise its benchmark interest rate from 3 percent next week, when the Federal Reserve is seen tightening borrowing costs for the first time in nearly a decade. Read more.

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