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Mexico Peso Seen at New Low as Central Bank Steps Too Little

Updated on

The battle being waged by Agustin Carstens to revive Mexico’s sluggish economy is at risk of being derailed by an unlikely adversary: the peso.

Carstens is set to deliver Banco de Mexico’s quarterly report on Wednesday, highlighting how inflation at a four-decade low and weak growth argue for leaving borrowing costs at their record-low 3 percent.