By THE PULSE NEWS MEXICO STAFF The International Monetary Fund (IMF) in its April World Economic Outlook (WEO) report cut its economic growth expectation for Mexico in 2022 to 2.0 percent, 0.8 percentage points lower than it had forecast in January. In the diagnosis of January of this year, the agency had already slashed its estimate for Mexican 2022 growth
Read more
By THE PULSE NEWS MEXICO STAFF Despite President Andrés Manuel López Obrador’s (AMLO) repeated promises to keep fuel prices down and ongoing tax discounts from the nation’s Finance Secretariat, gasoline prices in Mexico are now higher than in the United States. According to data from the consulting firm PetroIntelligence, regular gasoline sold Thursday in Mexico at an average of 21.51
Read more
By THE PULSE NEWS MEXICO STAFF According to the National Institute of Statistics and Geography (Inegi), inflation in Mexico hit 7.45 percent in March, its highest level in 21 years. The annual inflation rate for the third month of the year was higher than the 7.28 percent reported in February, and exceeded the 7.38 percent forecast by the Bank of
Read more
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
Read more
By EARL ANTHONY WAYNE
Read more
By THE PULSE NEWS MEXICO STAFF After thousands of U.S. drivers were crossing into the country to fill up their tanks on Mexican government-subsidized gasoline, the nation’s Treasury Secretariat (Hacienda) on Saturday, April 2, announced that it will suspend gas subsidies along the northern border, effective immediately, at least through Friday, April 8. Two days later, Mexican President Andrés Manuel
Read more
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
Read more
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
Read more
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
Read more
By ANTONIO GARZA, former U.S. ambassador to Mexico
Read more