tyb's
Mexico Unexpectedly Cuts Key Rate, Offers Dollar Auctions
Banxico reduces rate by half point to 6.50% ahead of meeting. Will lower reserve requirements to help face outbreak impact.
Mexico’s central bank unexpectedly cut its benchmark interest rate by half a percentage point on Friday and said it was taking additional liquidity measures to support the economy that is seen slumping into recession with the coronovirus outbreak.
Banxico cut its main rate to 6.5% from 7% after an unscheduled board meeting, the bank said in a statement on its website. One member of the board voted for smaller, quarter point cut, it said.
Mexico joins a wave of monetary stimulus as policy makers in every continent seek to shield their economies from a global downturn that analysts see as increasingly likely. The move follows a decision by Peru to also cut its key rate in a surprise move Thursday and comes before Banxico’s scheduled meeting for March 26. “Global and domestic financial markets have been subject to high volatility over the last weeks due to the uncertainty regarding the impact of COVID-19 on world economic activity, and to the recent fall in international oil prices. In this context, foreign exchange and fixed income markets in Mexico have undergone significant adjustments, lower liquidity, and a deterioration of trading conditions,” Banxico said in the statement. The bank also said it would take additional measures such as reducing reserve requirements for banks, and offering dollar auctions. The Mexican peso, the world’s worst major currency in the past month, extended losses and headed to a record low close after the unexpected move
https://www.bloomberg.com//news/articles/2020-03-20/mexico-cuts-key-rate-by-half-point-to-6-5-in-surprise-decision
MAGMA89 from Homestead ARB heading to San Juan, PR. This started from Eglin AFB with a stop at Homestead
SAM577 C-40B from Travis AFB, Ca East
SAM561 G5 from JBA south
GTMO842 Beechcraft out of Ft. Lauderdale and se. This came from Jacksonville and appeared this morning over the Bahamas on way to Jacksonville.
GRZLY50 C-560 Citation out of Burbank Airport and NW
Drone in North Dakota earlier
This came out of the same place on 31820 and was a MAGMA call at takeoff, changed before I could cap it.
some faggot came in here this morning and tried to convince everyone that Gates' plane was just landing. It landed yesterday. Muh screen shot even had last position of 17 hours ago. The transponder froze at 175 ft feet on inbound and it still shows it that way. Last reported position was 23 hours ago.
There are German, UK, Italian Airbus' all over today and last few days. Almost becoming common.
MAGMA88 and then MAGMA89 coming out of San Juan
chek that… in to San Juan