MEXICO: The Banco de Mexico on Thursday raised its key interest rate by half a point to contain inflation and shore up the peso after its battering following Britain’s decision to leave the EU. Facing the prospect of “sluggish” global growth in the second half of this year, the central bank decided to “increase the interbank base rate by 50 points to a level of 4.25 percent,” it said in a statement. Mexico’s GDP saw growth of 2.5 percent last year. This year, the bank predicts the economy should expand between 2.5 percent and 3.5 percent.
Markets, oil drop in Asia but bitcoin edges towards $50,000
HONG KONG: Markets fell in Asia on Friday in holiday-thinned trade with investors awaiting developments in US stimulus talks, while...
