Banxico Slashes Interest Rate by 50 Basis Points
The Bank of Mexico has cut its interest rate to 9 percent amid cooling inflation, Mexico’s lowest interest rate since September 2022
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Mexico’s Inflation Reaches 5.57 Percent in July
However, the National Institute of Statistics and Geography reported that Mexico’s core inflation decreased month-over-month from 4.13 percent in June to 4.05 percent in July
Read moreMore Turbulence Ahead, Keep Those Seatbelts Buckled
Global commentators have suggested that the political wildcard for 2024 will be the United States
Read moreRadical Uncertainty, the New Normal
Despite the uncertainty associated with the upcoming elections, Mexico’s economic outlook for 2024 looks relatively stable, given a combination of U.S. demand, government spending and remittances
Read moreMexico Increases Minimum Wage by 20 Percent in 2024
The newly approved wage increase will set Mexico’s daily minimum wage at 248.93 pesos per day beginning in January 2024
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Shopping
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The Rising Cost of Natural Gas
Read moreWorld on Edge: Calling All Statesmen
concerns have emerged over the possibility of an expanding crisis as Iran confirmed its involvement in the Hamas attacks and Iranian-backed Hezbollah intensifies its presence along Israel’s northern border
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The Frightening Truth
Read moreMexican Economy Ticks Up 1 Percent in First Trimester
The drop in the expected growth rate was the result of low dynamics in the industrial sector
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