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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By EARL ANTHONY WAYNE
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First Quarter Deficit
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By THÉRÈSE MARGOLIS Bangladeshi Ambassador to Mexico Abida Islam hosted a lavish, sit-down buffet luncheon for friends and colleagues at Mexico City’s María Isabel Sheraton Hotel on Thursday, March 31, to mark the 51st anniversary of her nation’s independence. “In 2021, Bangladesh commemorated its Golden Jubilee of Independence, but due to the covid-19 pandemic, we could not celebrate that event,”
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By THE PULSE NEWS MEXICO STAFF Thursday, March 31, was Mexico’s official Day of the Taco, but while this quintessential national dish still encompasses the essence of true Mexican cookery, rooted in pre-Columbian times, soaring prices have led to a 30-percent drop in taco consumption. Higher costs for meat, lemon, avocados and tortillas have forced taco venders to raise the
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XINHUA Mexico is facing the risk of weaker domestic consumption and investment as the growth rate of global economic activity moderates, the country’s main financial authorities warned Wednesday, March 30. The Financial System Stability Council (CESF) said in a statement that global inflation continued on an upward trend, driven mainly by high food and energy prices. “In this environment, global
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By THE PULSE NEWS MEXICO STAFF The Central Bank of Mexico (Banxico) on Thursday, March 24, increased its baseline interest rate by 0.50 percentage points to 6.5 percent in response to soaring inflation, which reached 7.29 percent in the first half of March. This was the seventh time in a row that Banxico has raised the rate, and the third
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By EARL ANTHONY WAYNE, former U.S. ambassador to Mexico
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By THE PULSE NEWS MEXICO STAFF Alejandro Díaz de León, the former governor of Mexico’s Central Bank (Banxico) was appointed Thursday, March 24, to be the new corporate director of Grupo Bal, a Mexican private-sector conglomerate that includes Palacio de Hierro, Industrias Peñoles and Fresnillo In a statement signed by Grupo Bal president Alejandro Baillères said that “the extensive, deep and
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By THE PULSE NEWS MEXICO STAFF During the first month of 2022, Mexico’s public sector fiscal deficit amounted to 64.533 billion pesos, the highest for a similar month in six years. This amount was 10.4 times greater than the deficit that was recorded in January 2021 and the highest that has been reported for the first month of the year
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