Mexico's 'very high' interest rates give it room to maneuver as i...
FILE PHOTO: Mexico's Undersecretary of Finance and Public Credit Gabriel Yorio speaks during an interview with Reuters in Mexico City, Mexico September 11, 2019. REUTERS/Edgard Garrido
“In Mexico, we have a very high interest rate that gives a lot of room to maneuver,” Yorio said at an event in Mexico City. “We need to be very accurate in how we do it, because if we overreact, we will impede economic activity more.” “The finance minister is in constant communication with the governor and I would assume that they’re ready to take an action,” Yorio said.
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