By THE PULSE NEWS MEXICO STAFF Mexico’s National Consumer Price Index (INPC) registered 7.28 percent at the annual rate in February, its first rise after two consecutive months with declines, the National Institute of Statistics and Geography (Inegi) reported on Wednesday, March 9. This was the INPC’s highest level since 2000, when it was placed at 10.52 percent. The February
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XINHUA Mexico’s Central Bank (Banxico) on Thursday, Feb. 10, raised its key interest rate for the sixth consecutive time in response to what it called greater and longer-than-expected inflationary pressures. B Banxico said in a statement that its governing board had decided by majority vote to raise the target for the overnight interbank interest rate by 50 basis points, to
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By ANTONIO GARZA, former U.S. ambassador to Mexico
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By THE PULSE NEWS MEXICO STAFF Despite repeated promises from President Andrés Manuel López Obrador (AMLO) of a 6-percent economic growth in 2021, Mexico registered a 0.2 percent contraction last quarter, marking three straight trimesters in a row of decline in the nation’s gross domestic product (GDP), according to statistics provided Wednesday, Jan. 19, by the National Institute of Statistics
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XINHUA The economy of Latin America and the Caribbean will grow by only 2.1 percent in 2022, representing a slowdown compared to 6.2 percent in 2021, the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) reported last week. According to the commission’s projections released on Wednesday, Jan. 12, the economy of the Caribbean region will grow 6.1
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OPINION By JUAN DE JESÚS BREENE Like everything else with an uncertain future, predictions for the year ahead are just that: prognoses that could or could not come to pass. That said, and with no crystal ball in hand, here are four broad predictions that most likely could be agreed upon by most in the Western Hemisphere for 2022: emerging
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By THE PULSE NEWS MEXICO STAFF In a surprise move to help curb spiraling inflation, the Central Bank of Mexico (Banxico) raised its benchmark interest rates on Friday, Dec. 16, by 50 points, from 5 percent to 5.50 percent. The last time Banxico raised the rate by 50 points was on Feb. 9, 2017. Most financial analysts had predicted that
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By ANTONIO GARZA, former U.S. ambassador to Mexico
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Mexico’s Soaring Inflation Rate
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By THE PULSE NEWS MEXICO STAFF Mexico now ranks in fifth place worldwide in terms of inflation, surpassed only by Argentina, Turkey, Brazil and Russia, in that order. Mexico’s inflation rate is expected to top 8 percent by the end of 2021. According to a Trading Economics report released this week, Argentina had the highest price increases this year, with
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