Mexico cenbank to weigh Fed decision at its June policy meeting - Carstens

Mexico cenbank to weigh Fed decision at its June policy meeting - Carstens

Edgard Garrido

U.S. central bank chief Janet Yellen said last week that the Fed should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, bolstering the case for a rate increase in June or July.

Speaking at an event in Mexico City, Carstens said expectations about the Fed's June meeting are hitting Mexico's peso, which slid by more than 7 percent this month, its worst monthly drop in four years.

"The Federal Reserve's June 15 decision is specifically affecting [the peso] right now," he said.

(Reporting by Michael O'Boyle; Editing by Leslie Adler and Sandra Maler)

TOP READS FROM THE FISCAL TIMES