MEXICO-MONEY: The Bank of Mexico announced the hike from the previous 6.25 percent on Thursday, after the country recorded a 5.29 percent annual inflation rate in the first half of March
While the measure does not prevent the Mexican peso to suffer from internal risks, it is expected to offset speculation against it in term of foreign investment
"This is the most important change in the approach to FX policy since the Tequila Crisis of 1994"
A source at the central bank said Carstens had accepted, adding that the widely respected governor had offered to stay longer
"Our main job is to maintain inflation expectations well anchored"
The Japanese auto maker defended its new plant in Mexico, over which Trump threatened to impose "big border tax" earlier today on Twitter.
The monthly increase was the biggest since March, the data showed, and the fifth rise in the last six months
Germany is Mexico's biggest trade partner in Europe, and commerce between the two nations was worth $17.5 billion last year, according to Mexican official data.
The Bank of Mexico raised the country's key interest rate for the fourth time this year.
Introducing mass changes in U.S. trade policy will prove much more complicated than the president-elect realizes, said the chief investment officer of Columbia Threadneedle Investments