The Mexican peso is at its highest level in front of the dollar for the last three weeks, according to the Bank of Mexico (Banxico) announcement that your main interest rate will increase from 4.25% to 4%, as we hope the majority of the market participants.
In operations in Mayoreo, eThe final exchange rate was 19.96 pesos per dollar, what equals one ganancia de mexican moneda de 0.4% u ocho centavos with relationship to Wednesday.
This is the highest level of the weight since the 21st of January passed, culminating in the culmination of 19.71 units, according to information from Bloomberg. In operations on the menu, the dollar ends at 20.37 pesos and means a reduction of 12 cents with respect to Wednesday.
Since last month, the dollar has given ground to the person and is expected to rise by 20 units, amid the optimism of the inversions on the expectation that the Federal Reserve (Fed) will keep the interest rates low for longer, lower prices Inflators in the United States, and in view of the fact that the negotiations on an advance fiscal estimate in the American Union, explained Banorte analysts.
During the delay, the continuous dollar contribution in less than 20 units is due to the fact that Banxico announced that its main interest rate would be 0.25% as part of manaana, as hope BBVA, Banorte, Santander, CitiBanamex and other 19 financial institutions.
The decision was taken unanimously between the members of the Central Bank’s Board of Directors, placing the tax on its lower level for the last five years, from June 2016, when it will be established at 3.75%. Banxico announces the report shows that consumer prices will fall more than in January and accumulate even more than the 3% inflation rate.
“Tasas a la baja con inflationa en encima l’ensif is an incentive perverse for public finances”, opino esta tarde Alfredo Coutiño, director for Latin America of Moody’s Analytics.
“There will be no surprise series to watch the episode from 2014-2015, with bags of 3% and ending the album”, Coutiño posted on his Twitter account.
Article 28 of the Constitution establishes that Banxico has the objective of “procuring the stability of the acquiring power of the national currency”, that is to say, the stability of prices or low inflation.
NR