Friday, March 11, 2016

Trump Victory Is Factor in Mexico's Risk Models, Central Banker Says

Mexico central bank Governor Agustin Carstens said the possibility of a Donald Trump presidency is implicitly reflected in the risk models used by policy makers, after stressing the importance to Mexico’s economy of the North American Free Trade Agreement.

"Explicitly, no," Carstens told El Financiero-Bloomberg TV’s Carlos Mota when asked if the risk of a Trump presidency is reflected in the central bank’s models, "but implicitly all of us have it in our heads."

Trade between Mexico and the U.S. has grown sixfold to more than $530 billion in goods annually since Nafta took effect in 1994, making the Latin American nation the largest U.S. trade partner after China and Canada.

No comments:

Post a Comment