UPDATE 2-Trump win would hit Mexico like a "hurricane" -central bank head

viernes 30 de septiembre de 2016 23:25 GYT
 

(Adds Carstens comment on currency commission)

By Christine Murray

MEXICO CITY, Sept 30 (Reuters) - Mexico's central bank chief said on Friday that a Donald Trump victory in the U.S. presidential election would hit Mexico like a hurricane.

Speaking on local radio, Agustin Carstens also said that "it was a reality" that there was a correlation between the country's weakening currency and the Trump campaign. The Mexican peso has fallen about 11 percent against the dollar this year.

Asked whether the Republican nominee's victory would be like a category five storm for the country, Carstens said "yes, it would be a stronger hurricane" than if Democratic nominee Hillary Clinton wins.

Carstens added that the scenario for Mexico was better with a Clinton win in the Nov. 8 presidential election.

In a radio interview later on Friday, Carstens said that he does not expect the government's currency commission to hold any extraordinary meetings prior to the U.S. election.

The commission's next scheduled meeting is Nov. 17.

Mexico's central bank on Thursday hiked its benchmark interest rate by 50 basis points, to counter the peso's decline, concerned it could fan inflation.   Continuación...