Mexican central bank increases overnight rate by 50 bps

Discussion in 'Fundamental Analysis' started by ForexLive, Feb 17, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Mexican central bank surprises with a hike USD/MXN plunges 5%. A meeting wasn't even scheduled. The rate was raised to 3.75% from 3.25% as the government gets desperate in a bid to halt capital flight and shore up the peso.

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