REMITTANCES: A VITAL SUPPORT OF LOVE AND DOLLARS BOLSTERING THE PESO, BUT FOR HOW LONG?

Banxico, Mexico's central bank, is crucial in maintaining the peso's stability, employing interest rate adjustments and market operations to control inflation and affect the exchange rate. Rising inflation may prompt Banxico to increase rates, potentially slowing growth but strengthening the peso. Conversely, lower rates could stimulate the economy

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