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Market May Be Overreacting to Mexico Rate Hike, Central Banker Says

  • Key rate hikes have potential to harm recovery, Esquivel said
  • More increases not needed if prices follow forecasts: Esquivel
Gerardo Esquivel
Gerardo Esquivel
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Markets might have overreacted by pricing several more interest rate increases after Mexico’s central bank unexpectedly raised borrowing costs on Thursday, Deputy Governor Gerardo Esquivel said.