|Day's Range||53.10 - 53.72|
|52 Week Range||41.23 - 54.65|
|PE Ratio (TTM)||-20.23|
|Expense Ratio (net)||0.48%|
Credit Suisse is expecting 1.2% growth in Latin America this year, but revised its projection for Mexico GDP expansion to 2.4% from 1.7%. Latin America has been a laggard compared to emerging markets, ...
Mexico's central bank indicated its rate tightening cycle is over with a a 25 basis point increase in its policy interest rate to 7% Thursday. Adam Collins, the Latin America Economist at Capital Economics, notes that while the decision was expected, the peso strengthened following the news: "The accompanying statement pinned the decision partly on the U.S. Fed’s rate hike earlier this month, but struck a less hawkish tone than in previous months.
Banxico has been aggressively hiking rates. Finance Minister Jose Antonio Meade sees rate cuts beginning as early as the end of this year.