Interest rates to 7 . Thats at that 25 basis point increase. There was one member of the policy making committee who voted to leave the rate unchanged. So not a unanimous decision but nevertheless mexico lifting its Interest Rate, benchmark Interest Rate for a seventh straight time to kesh some of that rising inflation. And also to anchor inflation expectationings. We do know that additional rate increases had been expected from economists as well. Julia and in a ties to what were seeing in the markets. The mexico peso stronger by. 8 going into this decision. Actually it is slightly softer as a result of that. But im talking marginal. Right now dollar in mexico down by some. 7 as scarlet said. This decision was expected. The question of course is whether or not they decide to hike once more this year. Because thats what the market is anticipating that they see rates go to 7. 25 terminal rate by the end of this year. Scarlet so were definitely near the end of this tightening cycle. But
Interest rates to 7 . Thats at that 25 basis point increase. There was one member of the policy making committee who voted to leave the rate unchanged. So not a unanimous decision but nevertheless mexico lifting its Interest Rate, benchmark Interest Rate for a seventh straight time to kesh some of that rising inflation. And also to anchor inflation expectationings. We do know that additional rate increases had been expected from economists as well. Julia and in a ties to what were seeing in the markets. The mexico peso stronger by. 8 going into this decision. Actually it is slightly softer as a result of that. But im talking marginal. Right now dollar in mexico down by some. 7 as scarlet said. This decision was expected. The question of course is whether or not they decide to hike once more this year. Because thats what the market is anticipating that they see rates go to 7. 25 terminal rate by the end of this year. Scarlet so were definitely near the end of this tightening cycle. But
We are about 30 minutes away open in china and in hong kong. But singapore and malaysia have into whatonline really is a pretty lac lack lusr market. Of course, u. S. Markets have been on holiday for the president s day holiday. So a subdued start. The region, pairing the earlier drop with the costly about 7 10 of a percent. And Australian Shares down about 2 10 of a percent. Aussie took a brief dip but they have since rebounded. A lift,ar yen, getting thatd president s comments a march hike isnt off the table. Leading and financials the rise. Quick check on some of the movers today. Toshiba also in the green today on reports that it may begin the for its chip stakes sale this friday. Going onnto whats over in singapore. A percent here. We did have singapore deliver a budget that hopes to keep growth above 2 . We did have the second finance minister speaking to us this budget, telling us the is about having a new direction mediumtermgh that hump. He did note that the oil and gas indust
Government Officials Say they were released in a swap for detained leaders of the islamic extremist. Nearly 200 girls remain captive but it is unclear how many may have wide. The u. S. Air force is accelerating efforts to increase its firewalls after escalating Cyber Security threats. They are said to be tightening algorithms for networks that control everything from navigation of work lanes to weapons systems. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Scarlet we are 30 minutes from the close of trading in new york. Im scarlet fu. Joe im joe weisenthal. Matt and im matt miller. Joe u. S. Declines hearing by more than half after the s p was brought back from a three month low, but the question is whatd you miss . Data isek chinese trade fostering new doubts about the health of the World Economy is the Federal Reserve is preparing to tighten. Chairmanwells fargo and ceo is out, marking a stunn
Will bring you the headlines through our surveillance today. Impressed with how quickly the headlines are moving at a rapid speed. Lets get the bloomberg first word news. Vonnie it is day three of france president s Francois Hollandes push against the Islamic State. Today he talks with german chancellor Angela Merkel who says germany is ready to strengthen its military commitment to relieve a french forces. Belgium is searching for another terror suspect that was seen driving a car with one of the suspected organizers of the paris terror attack two days before the attacks occurred. So far belgium authorities have arrested five people. The unprecedented lockdown of brussels is slowly coming to an end. Nato is ordering deescalation after turkey shut down the russian warplane. They called for further contact between turkey and russia. In new york russian and u. S. Diplomats met. According to a Russian News Agency russia would be willing to accept a new agreement on airspace if nato came u