|Bid||26.86 x 1800|
|Ask||26.87 x 1800|
|Day's Range||26.67 - 26.99|
|52 Week Range||20.24 - 36.45|
|Beta (5Y Monthly)||1.26|
|PE Ratio (TTM)||17.25|
|Earnings Date||Jan 30, 2023 - Feb 03, 2023|
|Forward Dividend & Yield||1.16 (4.98%)|
|Ex-Dividend Date||Sept 29, 2022|
|1y Target Est||21.55|
Mexico's central bank's monetary policy tightening cycle will likely end in the first half of 2023 with the benchmark interest rate at 11%, before policymakers start to gradually ease rates, a Franklin Templeton executive said on Thursday. Banxico, as the Mexican central bank is called, has increased the key rate by 600 basis points to 10.0% since the middle of 2021 to combat rising inflation. "We believe the terminal rate is going to be at 11% in the first half of 2023," Luis Gonzali, co-chief investment officer of Franklin Templeton's Mexico unit, said during an event with reporters, adding that Banxico will then start to lower rates.
Moove, which was founded in Nigeria and provides revenue-based vehicle financing, said on Thursday it is raising $30 million in a private placement Islamic bond debut. Franklin Templeton's Middle East unit is arranging the sukuk, structured as a sukuk al-istisna, a sharia-compliant debt format. Moove, which launched in India this year as well as in London, said it aims for at least 60% of the vehicles it finances to be electric.
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