Remarks from the International Monetary Fund's Director of the Western Hemisphere Department Alejandro Werner

Speaking in Mexico

  • High levels of uncertainty for the economy in Mexico for the next 12 to 18 months
  • NAFTA negotiations may be antagonistic
  • 2017 election in the country may also cause uncertainty
  • Corruption, weak rule of law limit growth

(I'm not sure if there is a deliberate subtext in this last comment, but may be ... )


  • Banco de México does not need to raise rates just on the weaker peso

Bloomberg with those headlines