BANXICO WARNS OF FINANCIAL SHOCK; DUE TO COVID-19 AND DROP IN OIL PRICES

The Bank of Mexico (Banxico) alerted the Senate that the COVID-19 pandemic and the drop in oil prices will leave Mexico with “profound challenges never seen before” and it is even possible that there will be a greater financial shock, for which it proposed to address four strategic issues to improve the business climate and recover investment.

Read more...