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 moreMexican Peso Reaches Strongest Level Against Dollar Since 2015
Despite the current strength of the peso, the Bank of Mexico predicts the peso-to-dollar exchange rate will rise above 18 to 1 by the end of the calendar year
Read moreMore Turbulence Ahead, Keep Those Seatbelts Buckled
Global commentators have suggested that the political wildcard for 2024 will be the United States
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
Read moreBanxico Shocks Markets, Bumps Interest Rates 50 Points
This is the 14th time in a row that Mexico’s Central Bank has raised the rate in a nearly two-year cycle
Read moreMexican Public Debt to Rise by 30 Percent in 2023
PULSE NEWS MEXICO By the year 2023, Mexico’s public debt is expected to reach 1.08 trillion pesos, representing an increase of 29.9 percent compared to the 2022 budget, according to a breakdown of President Andrés Manuel López Obrador’s (AMLO) new proposed annual economic package. The 2023 package, which was presented by the AMLO administration to Congress on Thursday, Sept. 8,
Read moreBanxico Raises Key Interest Rate for 10th Time in a Row
XINHUA The Board of Governors of the Central Bank of Mexico (Banxico) agreed Thursday, Aug. 11, to raise the key benchmark interest rate for the 10th consecutive time, in anticipation of higher inflation in the short term. The new rate is 8.5 percent. Five members of the board voted unanimously to increase the target for the overnight interbank interest rate
Read moreUS-Mexico Ties: Temperatures Rising
By ANTONIO GARZA, former U.S. ambassador to Mexico
Read moreS&P Upgrades Mexico amid Soaring Inflation
By MARK LORENZANA Just as Mexico’s inflation rate rose to 7.99 percent in June of this year, the U.S. financial services rating agency Standard & Poor’s (S&P) in its Global Ratings report on Wednesday, July 6, revised the outlook on its long-term ratings on Mexico from negative to stable. In addition, the S&P Global Ratings affirmed the country’s credit rating
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