Mexico in the Midst of Geopolitical Chess
Amid all the geopolitical shifts, political changes are also coming in Mexico
Read moreTag Archives: Central Bank of Mexico
Mexican Exports Down amid Fears of US Recession
As a result, Mexico registered a trade deficit in April of almost $1.51 billion
Read moreBanxico 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 moreNavigating 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 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 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 moreMexican Economy Shrinks for Third Straight Month, Recession Probable
PULSE NEWS MEXICO According to preliminary numbers from Mexico’s National Institute of Statistics and Geography (Inegi), released on Thursday, Aug. 18, the nation’s economy shrank by 0.1 percent in July, constituting the third month in a row with a negative growth rate. In June, Mexico’s economy also contracted by 0.1 percent, and in May, it contracted by 0.2 percent, based
Read moreBanxico Raises Key Interest Rate for 10th Time in a Row
XINHUA The Board of Governors of the Central Bank of Mexico (Banxico) agreed Thursday, Aug. 11, to raise the key benchmark interest rate for the 10th consecutive time, in anticipation of higher inflation in the short term. The new rate is 8.5 percent. Five members of the board voted unanimously to increase the target for the overnight interbank interest rate
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