Mexico’s economic and financial outlook has worsened amid the coronavirus pandemic, and temporary measures to shore up the financial system will remain in place, the central bank said on Wednesday. The five-member board of the Bank of Mexico, which is often referred to as Banxico, made the assessment on the outlook as it presented its latest financial stability report. “The outlook for Mexico’s economy and financial system has deteriorated and become more uncertain,” the report said. On April 8, Mexico loosened liquidity rules for banks to help them weather the turmoil caused by the pandemic, which the government says has not yet peaked. Banxico said financial stress tests showed that capitalization levels among banks remain above the required minimum levels even in the most adverse scenarios facing Mexico, whose economy is expected to suffer a major contraction this year. Financial conditions in Mexico tightened considerably […]