U.S. election outcome could alter next Mexico rate move: Carstens

10/4/16 Reuters

380px-Agustin_CarstensMexico’s central bank may not follow any impending interest rate increase by the U.S. Federal Reserve if the outcome of the U.S. presidential election is seen as favorable to Mexico, the bank’s Governor Agustin Carstens said on Tuesday.

Asked on local television whether Mexico would seek to follow a rate hike by the Fed, Carstens referred to the November election, speaking just a few days after the Mexican central bank raised its benchmark interest rate by 50 basis points.

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