Mexico Is Trying to Save the Peso From Trump

It’s because of Donald Trump. When it comes to President Trump, Mexico is preparing for the worst. The Bank of Mexico was forced to raise interest rates on Thursday to combat the swift decline of the peso following the election of Donald Trump last week. A cheaper peso has begun to fuel inflation in the country, forcing the bank to combat it with higher rates, even as the move will tamp down on investment, further weakening the Mexican economy.