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VOICED : Mexico se prepara para posible aumento de tasas en EEUU
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10th - 12th Grade
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José Antonio Meade, Mexico's Finance Minister, proposed a 1.7% budget cut for 2017 to prepare for potential US interest rate hikes, which could impact Mexico's debt costs. In a conference with US Treasury Secretary Jack Lew, the importance of US-Mexico relations was emphasized. The Bank of Mexico raised its interest rate by 50 basis points to 4.75% due to the peso's decline and US election uncertainty. Meade expressed respect for this financial decision.
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