Central Banks brace for the impact of covid-19

Our partner Juan Manuel Sancho commented on the actions taken by the Central Bank of Mexico due on the impact of covid-19, in an article published by LatinLawyer.com.

The Mexican Central Bank takes action when it comes to liquidity, exchange rate and purchase power, which is what they do to stay stable when things are hard,” said Juan Sancho Rodrigo, partner at González Calvillo, SC.

A good purchasing power rate – which indicates the goods and services one unit of a currency can buy – indicates an economy is working well. Unsurprisingly, purchasing power during the covid-19 pandemic is taking a hit.

But this additional liquidity and special SME fund is supplementary liquidity and is in addition to what central banks usually do”.

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