Mexican Peso Gains after Banxico Front-Loads Rate Hikes, USD/MXN Sinks

Banxico surprises investors and raises the overnight rate by 50 basis points to 5.50% to combat rising inflationary forces in the economy. The hawkish hike boosts the Mexican Peso.

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Inoculating the World Against Recession

The Covid-19 pandemic plunged the world into deep recession as nations retreated into lockdown to contain the viral spread. But monetary and fiscal officials responded to the crisis swiftly and pow…

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