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Banxico Governor Alejandro Diaz de Leon said peso exchange rate developments pose a risk to inflation, as do public finances. He also flagged ratings downgrades for Mexico and Pemex as risk factors needing to be addressed.
Central bank concern over inflation and currency weakness signals potential tightening or sustained high rates, which raises Mexican feed and livestock costs and can dampen feed demand.
octaafrica.netJun 11, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
