Banxico Halts Interest Rate Hikes
The bank said it expects inflation to stand at 4.7 percent at the end of 2023 and 3.1 percent at the end of 2024
Read moreTag Archives: Banxico
Navigating Mexico: Interest Rates Never Looked So Good
In Mexico, Fitch predicted that Banxico will have to continue raising rates, since the fight against inflation is still far from over
Read morePemex: What’s There to Celebrate?
The cow has run dry and is no longer producing milk
Read moreBanxico Shocks Markets, Bumps Interest Rates 50 Points
This is the 14th time in a row that Mexico’s Central Bank has raised the rate in a nearly two-year cycle
Read moreCongress Approves AMLO’s Central Bank, Energy Commission Appointees
Once he is sworn in, he will serve as a Banxico vice governor through Dec. 31, 2030
Read moreMexico’s Economic Strength Slips as 2022 Comes to a Close
By KELIN DILLON According to Mexico’s autonomous National Institute of Statistics and Geography (Inegi) and its corresponding Timely Indicator of Economic Activity (IOAE), the Mexican economy slowed down at the end of 2022 as November’s reported .1 percent economic decline ended the nation’s previous four-month streak of positive economic growth. November’s figures represent Mexico’s first economic decline since June 2022,
Read moreSo Long, January Slope: AMLO Promises to Preserve 2022 Prices for 2023
By KELIN DILLON On Monday, Dec. 19, Mexican President Andrés Manuel López Obrador (AMLO) announced during his daily morning press conference that there will be no price hikes in Mexico this coming January, while encouraging the nation’s citizens to save as much money as they can and instead “give affection” as a gift this holiday season. Mexico, like many countries
Read moreInflation in Mexico Hits 8.66 Percent, Highest Level in 22 Years
PULSE NEWS MEXICO Core inflation in Mexico during the first half of November reached 8.66 percent, according to the National Institute of Statistics and Geography’s (Inegi) National Consumer Price Index (INPC), representing 8.14 percent at an annual rate. Despite a slight moderation compared to previous fortnights, headline inflation was still well above the Central Bank of Mexico’s (Banxico) objective target
Read moreNavigating Mexico: Is Cash Still King in Mexico?
By JUAN DE JESÚS BREENE Someone asked me recently if cash was still the main form of payment in Mexico. And just like the answer to other broad and vague questions, when assessing whether cash is still king in Mexico, the answer is yes … and no. At the height of the covid-19 pandemic, the Mexican government, in conjunction with
Read moreInternal Economic Policies in Mexico Accelerate Capital Flight
By MARK LORENZANA In the second quarter of this year, outflow of capital from Mexico totaled $5.74 billion, a figure 88.9 percent higher than the previous quarter. For the ninth consecutive quarter, the country has registered capital flight, according to figures from the Central Bank of Mexico (Banxico). Gabriela Siller, director of economic analysis at Banco Base, explained that the covid-19 pandemic
Read more