Mexican policymakers are ready to adjust borrowing costs when the U.S. Federal Reserve hikes rates, but could move sooner if the peso requires it, Mexican central bank governor Agustin Carstens said on Friday according to the Wall Street Journal.
"We have prepared ourselves to pretty much adjust interest rates when liftoff takes place, but if the conditions in the peso market require, we can act ahead of the Fed," Carstens said.
Economists think the central bank is unlikely to move before the U.S. Federal Reserve unless the peso weakens much further.