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LatinNews Daily - 23 June 2020
In brief: Mexico’s central bank holds credit auctions in US dollars
* Mexico’s central bank (Banxico) will hold two more credit auctions in US dollars on 24 and 29 June, for US$7bn and US$4bn respectively. On 19 March, Banxico and the US Federal Reserve established a currency swap mechanism to ensure the supply of US dollars in Mexico’s financial markets. Banxico used the funds from the swap mechanism to carry out the first two credit auctions in US dollars to domestic credit institutions on 1 and 6 April, for US$5bn and US$1.5bn.