Category: Americas
Reuters reveals Bank of Mexico nears end of rate hike cycle, eyes economic toll, board member says
Reuters Reuters was first to report Bank of Mexico board member Gerardo Esquivel cautioned against increasing the monetary policy rate to “excessively” restrictive levels as the economy remains weak, saying the bank’s current rate-hiking cycle could end with rates between 10%-10.25%. Esquivel did not project when the rate would hit what he called its terminal…
Read MoreReuters reveals U.N. could administer over $3 bln in funds to aid Venezuela
Reuters Reuters exclusively reported that Venezuelan politicians are discussing proposals for a fund that could release over $3 billion to provide humanitarian aid to Venezuela through the United Nations, in a process that also involves officials from the U.S. State and Treasury Departments. The post Reuters reveals U.N. could administer over $3 bln in funds…
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