# Mexico central bank seen hiking after peso's Trump tumble

> Mexico's central bank is expected to raise its benchmark rate by 50 basis points to 5.25 percent after the peso hit a record low following Donald Trump's election. The peso had its biggest two-day loss since 1995 and has fallen more than 6 percent since the last hike in September.

- Date: 2016-11-14 · published 2016-11-14T12:00:00.000Z
- Category: macro · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/74066-mexico-central-bank-seen-hiking-after-peso-s-trump-tumble
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A weaker peso raises import costs and inflation in Mexico, a major buyer of U.S. feed grains and meal, which can dampen Mexican demand and pressure U.S. export prices. Tighter Mexican policy also reflects the currency stress tied to NAFTA risk.

## Read by commodity

- CORN: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2016-11-17 | [Mexican peso briefly falls 1 percent vs. US dollar after central bank hikes rates](https://feedsoft.ai/events/74069-mexican-peso-briefly-falls-1-percent-vs-us-dollar-after-central-bank-hikes-rates.md) | +3.0% | +4.6% |
| CORN | 2017-01-11 | [Mexican peso hits fresh lows ahead of Trump conference](https://feedsoft.ai/events/73212-mexican-peso-hits-fresh-lows-ahead-of-trump-conference.md) | +0.0% | +1.3% |
| CORN | 2018-03-30 | [Trump continues to make the Mexican peso great again](https://feedsoft.ai/events/66218-trump-continues-to-make-the-mexican-peso-great-again.md) | +2.3% | +3.1% |
| CORN | 2025-03-31 | [Mexican Peso dwindles on recession jitters, awaits Trump’s announcement](https://feedsoft.ai/events/25796-mexican-peso-dwindles-on-recession-jitters-awaits-trump-s-announcement.md) | +0.4% | +4.2% |
| CORN | 2024-08-13 | [Brazil's central bank had no reason to intervene in FX amid 'accelerated weakening'](https://feedsoft.ai/events/11942-brazil-s-central-bank-had-no-reason-to-intervene-in-fx-amid-accelerated.md) | -1.2% | +0.1% |

## Sources

- reuters.com: https://www.reuters.com/article/mexico-economy-idUSL1N1DF10M/?feedName=usDollarRpt&feedType=RSS

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.