Latin American Economy & Business - February 2016 (ISSN 1741-7430)
Mexico: Monetary and fiscal tightening
Two decisions announced on 16 February send a defensive signal about the state of the Mexican economy this year. Banco de México (Banxico – the central bank) announced a surprise tightening of interest rates on the same day as Finance Minister Luis Videgaray said government spending would be cut by US$7.2bn.
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