Lopez-Obrador says no fiscal/economic changes in first three years


Comments from Mexico’s incoming President

  • Won’t make any fiscal or economic changes in first three years

  • Won’t change banking laws

  • Principal change of our government is ending corruption

The peso has rebounded on these comments. USD/MXN:

Fears were intensifying in Mexican banks and more broadly after canceling the Mexico City airport project.

Good on AMLO for focusing on corruption. It is undoubtedly the biggest thing holding back the economy and everything else in Mexico. It’s also a monumental challenge to curb it.


Source link