Mexico central bank board warns of Q2 economic weakness

Financial Post | Jul 11, 2019 at 2:46 PM
  • All five of the Mexican central bank’s board members agreed the slowdown in Mexico’s economy had been larger than anticipated, with “signs of weakness” in the second quarter, minutes from the June 27 monetary policy meeting showed on Thursday.
  • Some board members underscored the possibility of further downgrades to Mexico’s sovereign and state-oil firm Pemex debt.