Carstens says possible rate hikes are unlikely to impact Mexico’s growth much

The central bank's main lending rate is currently at an all-time low of 3 percent in Mexico.
The central bank’s main lending rate is currently at an all-time low of 3 percent in Mexico.

By Dave Graham and Adriana Barrera / Reuters

Possible interest rate increases in the months ahead are unlikely to have a major impact on growth in Mexico, central bank governor Agustin Carstens said on Tuesday.

“In reality we don’t think it would be that significant,” Carstens said when asked on Mexican television how potential interest rate increases this year would affect growth.

Carstens was referring to the likelihood that Mexico would have to follow suit if, as expected, the U.S. Federal Reserve bank starts to raise interest rates later this year.

http://www.reuters.com/article/2015/02/24/us-mexico-economy-idUSKBN0LS0DT20150224

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