PULSE NEWS MEXICO Former Mexican President Luis Echeverría Álvarez, who served as the country’s head of state from 1970 to 1976, died on Friday, July 8, at home in his sleep, sources close to his family reported Saturday, July 9. Echeverría, who was a populist president from the centralist Institutional Revolutionary Party (PRI) turned 100 on Jan.17. On Nov. 14,
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Fighting Inflation
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By ANTONIO GARZA, former U.S. ambassador to Mexico
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PULSE NEWS MEXICO Although the next meeting of the Central Bank of Mexico (Banxico) is not due until Thursday, June 23, Banxico’s deputy governor, Jonathan Heath, on Friday, June 10, said that its board members will most likely increase the base interest rate by 75 points during that next monetary policy vote. Heath said that the increase, which is highly
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By ANTONIO GARZA, former U.S. Ambassador to Mexico
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Inflation
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By THE PULSE NEWS MEXICO STAFF Mexico’s soaring inflation rate hit a 21-year high in April, with consumer prices reaching an increase of 7.68 percent for the year, and 54 percent for that month alone, the National Institute of Statistics and Geography (Inegi) reported Monday, May 9. The Central Bank of Mexico (Banxico), which is expected to hike its benchmark
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By KELIN DILLON In a collaborative move between Mexico’s federal government and its private sector, President Andrés Manuel López Obrador (AMLO) announced a new price control initiative – the Package Against Inflation and Famine (PACIC) – to the public during his daily morning press conference on Wednesday, April 4. Th package establishes cost protection for 24 “basic basket” supermarket items,
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By THE PULSE NEWS MEXICO STAFF As inflation in Mexico continues to surge month-after-month, hitting 7.45 percent in March, President Andrés Manuel López Obrador (AMLO) announced on Tuesday, April 26, the framework of his plan to reduce price increases by forming a pact with private-sector producers and distributors. In his proposed plan to control the cost of eggs, milk, oil,
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By THE PULSE NEWS MEXICO STAFF Thanks to international work-from-homers, about 3 million of whom have chosen Mexico as their remote office destination-of-choice since the outbreak of the global covid-19 pandemic, the cost of rents have grown exponentially in some parts of the country. In Mexico City alone, rents have increased by as much as 20 percent in some areas,
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