NAFTA uncertainty clouds Mexican FI space, Fitch

NAFTA uncertainty clouds Mexican FI space, Fitch

Economy & Policy Regulation Mexico

Fitch Ratings has alerted Mexican financial institutions of the potential negative effects that a protracted NAFTA negotiation can bring, calculating under a present scenario that growth in the country's overall credit portfolio could slow down to grow 8% to 10% this year. President-elect Lopez Obrador pledged to keep key elements of economic policy, such as the Central Bank’s independence, a floating exchange rate and inflation targeting monetary policy in place. But Fitch said it was not yet c

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