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Mexico’s president lets slip central bank’s announcement of rate hike to 6.5%

Mexico’s president lets slip central bank’s announcement of rate hike to 6.5%

© Reuters. Mexican President Andres Manuel Lopez Obrador speaks during a news conference at the National Palace in Mexico City, Mexico March 24, 2022. Mexico Presidency/Handout via REUTERS MEXICO CITY (Reuters) -Mexico’s central bank on Thursday voted to raise its benchmark interest rate by 50 basis points to 6.5%, a decision that was unexpectedly announced…

Miners lead gains, oil jumps as war and rate hikes rattle nerves

Miners lead gains, oil jumps as war and rate hikes rattle nerves

© Reuters. FILE PHOTO: Men wearing protective face masks walk under an electronic board showing Japan’s Nikkei share average inside a conference hall, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan January 25, 2022. REUTERS/Issei Kato By Elizabeth Howcroft LONDON (Reuters) -European stock indexes rose Tuesday and U.S. and European government bond yields extended…