Mexico’s central bank raised interest rates on Thursday in an attempt to shore up the country’s currency, which has collapsed following Donald Trump’s election as US president. Trump's Nafta threats would severely harm US, Mexican chief negotiator says Read moreIt is the third time this year that Mexico has raised interest rates, including a hike in September in response to Trump’s surge in the polls ahead of the election. The peso plunged 13% against the dollar in the days following the US election, as traders feared the implications of a Trump presidency. The leaders of Mexico and Canada are to this weekend hold emergency talks on the impact of a Trump presidency on their national economies. Following Trump’s triumph several investment banks have cut their 2017 Mexican growth forecasts from 2.5% to range of between 1.7% and 1.9%.

Source: The Guardian November 17, 2016 21:45 UTC