Mexican Peso’s Slide Having ‘Minor’ Impact on CPI, Sanchez Says

  • Banxico raised rate more than expected on June 30 to 4.25%
  • Peso is worst-performing major currency this year after Pound

Despite the Mexican peso’s plunge, its impact on driving up inflation is minor as the central bank has worked to keep consumer prices in check, deputy Banxico Governor Manuel Sanchez said.

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