Mexican financial system is solid, but global dangers are there, according to the central bank.

Mexico’s financial system is resilient and solid despite international economic and geopolitical volatility, the central bank chief said on Wednesday during the introduction of the monetary authority’s financial stability report.

The U.S. Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point on Wednesday.
Mexico’s central bank governor, Victoria Rodriguez, said the bank would analyze the Fed decision and take it into account before it votes later this month on whether or not to hike interest rates.
Financial stability faces risks due to the remaining effects of the COVID-19 pandemic, repercussions from Russia’s invasion of Ukraine, and global inflationary pressures.

This report’s information was first seen on Reuters; to read more, click this link.