By THÉRÈSE MARGOLIS Former Central Bank of Mexico (Banxico) Governor and current General Manager of the Bank for International Settlements (BIS) Agustín Carstens said Tuesday, April 5, that, like it or not, inflation is here to stay, at least for the foreseeable future. Speaking before the International Center for Monetary and Banking Studies in Geneva, Switzerland, Carstens, who served as
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OPINION By THÉRÈSE MARGOLIS Despite the fact that just five months ago, Citigroup CEO Jane Fraser met with Mexican President Andrés Manuel López Obrador (AMLO) at the National Palace, declaring that the international financial group considered Mexico “a country of opportunities” thanks to its economic, political and social stability, the corporation announced on Tuesday, Jan. 11, that it would be
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By THÉRÈSE MARGOLIS It’s been the financial lifesaver that has kept the Mexican economy afloat ever since leftist firebrand Andrés Manuel López Obrador (AMLO) took office as president in December 2018. The carry trade, a financial venture in which entrepreneurs borrow money in one country where interest rates are low to invest in second country where interest rates are high,
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XINHUA Mexico’s economy continues to face risks that dampen its growth outlook, but there is the chance of a modest economic recovery in 2020, the central Bank of Mexico (Banxico) said in a press release. According to the details of the latest meeting of the bank’s five-member governing board, “the majority of the members indicated that in an environment marked
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XINHUA … Banxico has downgraded its economic growth forecast for 2019 and 2020, citing weak production and uncertainty…
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