Bk of Mexico Carstens: MXN has room to appreciate, but less than before

Bank of Mexico Governor Carstens

• Says peso can reach 17 (to the USD) (but that is not a target) given the economy's resilience
• Pause in rates could last though a Federal Reserve rate hike, actions already taken should be sufficient to take inflation to the 3% target by end 2018

Carstens speaking with Bloomberg. Banco de Mexico have been on a sustained hiking cycle but look set to pause.

Overnight: Mexico central-bank raises rates to 7% from 6.75%