Economics
Mexico’s Drought Is So Severe It Helped Banxico Turn Hawkish
- Climate may have contributed to interest rate hike: Esquivel
- Bank added drought to inflation risks after surprise rate hike
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Mexico’s central bank raised an unusual red flag when it upended markets with a surprise interest rate hike last week: drought may pressure farm prices, it warned.