Mexico's peso slumps after weak IP, cenbank minutes
MEXICO CITY May 10 (Reuters) - Mexico's peso slumped on Friday, hit by weak industrial production data for March in Latin America's No. 2 economy and central bank minutes that highlighted risks to growth, both backing expectations of further interest rate cuts.
The peso shed more than 1 percent to 12.1225 per dollar.
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.