Bloomberg Mexico’s central bank upcoming monetary policy decisions will be data driven and depend on any additional price shocks, Governor Alejandro Diaz de Leon said, signalling that policy makers aren’t committed to an established path for interest rates. “We’re not pointing in any direction nor ruling out any direction,” Diaz de Leon said in a telephone interview. “We’re signalling that ...

Bloomberg Nigeria’s currency rebounded in the illegal market as the central bank boosted sales of dollars to commercial banks, according to traders. The currency strengthened to an average 540 to a dollar from about 570 a week ago in unauthorised markets in Lagos and other cities where foreign currency is freely traded, according to Abubakar Mohammed, chief executive officer for ...

Bloomberg Peru’s central bank tightened monetary policy for a fourth straight month after inflation accelerated to its fastest pace in more than 12 years. Policy makers, led by bank President Julio Velarde, raised their key interest rate by a half-point to 2%, as forecast by six of eight economists surveyed by Bloomberg. One analyst expected an increase of 75 basis ...