If Donald Trump prevails in tomorrow’s US presidential election, our sense is that Mexican policymakers’ initial response would be to hike interest rates by 100-200bp at an emergency central bank meeting in an effort to support the peso. This may also be accompanied by direct intervention in currency markets and small cuts to government spending.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.