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Mexico and Peru are considering raising interest rates on Thursday as policy makers across emerging markets try to head off faster inflation in economies rebounding from the pandemic. ....
Charting the Global Economy: Home Prices Soaring in U.S., U.K. Jun 25 2021, 11:00 PM June 25 2021, 10:30 PM June 25 2021, 11:00 PM (Bloomberg) Lean housing inventory in the U.S. and U.K. has driven home prices to a record, constraining sales momentum, while business sentiment is improving in Germany and France. (Bloomberg) Lean housing inventory in the U.S. and U.K. has driven home prices to a record, constraining sales momentum, while business sentiment is improving in Germany and France. Inflationary pressures across the globe are prompting more central banks including Mexico, the Czech Republic and Hungary to raise interest rates. ....
(Bloomberg) Markets might have overreacted by pricing several more interest rate increases after Mexico’s central bank unexpectedly raised borrowing costs on Thursday, Deputy Governor Gerardo Esquivel said. ....
(Bloomberg) Mexican billionaire Carlos Slim’s Grupo Carso SAB will need to take responsibility for building a section of Mexico City’s Metro that collapsed but it won’t lose existing government contracts or be locked out of future work, according to a person close to President Andres Manuel Lopez ....