CENTRAL BANK ALERTS
CENTRAL BANK ALERTS
Banco de Mexico Addresses FDI
Mexico’s central bank--Banco de Mexico--said last week it has no plans to take steps to prevent Mexico’s economy from being inundated by foreign investment
The question was raised after Moodys Investor’s Service granted Mexico investment-grade status last month. Analysts have warned that a sudden influx of investment cash could lead to an overly strong peso, and ballooning current account deficits.
However, officials at the central bank said it is aware of the
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