Bloomberg Mexico’s central bank raised its key interest rate as expected for a second straight meeting and signalled it will prioritise the peso’s inflation implications rather than moves by the Federal Reserve for its future decisions. Banco de Mexico’s board voted unanimously to lift borrowing costs a quarter point to 7.5 percent, a move forecast by 23 of 26 economists ...

DUBAI / Reuters Sharp swings in global financial markets in the past few days are not worrying since economic growth is strong but reforms are still needed to avert future crises, the managing director of the International Monetary Fund said on Sunday. Christine Lagarde, speaking at a conference on global business and social trends in Dubai, said economies were also ...

Bloomberg The European Central Bank has woken up to the risks digital currencies can pose to policy makers’ bread-and-butter business: the economy. “If you increasingly have bridges between the virtual world and the real world and then there is a collapse in this virtual world, it could drain liquidity from the real world,” Executive Board member Yves Mersch said in ...