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View Full Version : Mexico’s Rate Cuts May Fuel ‘Turbulence,’ Morgan Stanley Says - Bloomberg



NewsWhore
02-23-2009, 02:10 PM
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Mexico’s Rate Cuts May Fuel ‘Turbulence,’ Morgan Stanley Says (http://news.google.com/news/url?sa=T&ct=us/5-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DazmkZ.QZJNPs%26refer%3Dlatin_america&cid=0&ei=HPWiSaC6NY-mhAOA8Yi4Cg&usg=AFQjCNH-759UCjOhn2Ikc6Z178p2XuOKyw)
Bloomberg
Smaller-than-expected cuts in the benchmark lending rate, such as last week’s quarter-point reduction to 7.25 percent, may fuel “more currency weakness,” Gray Newman, an economist at Morgan Stanley in New York, wrote in a report. ...


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