By RICARDO CASTILLO … The Mexican economy is headed for a technical recession, but the big banks are still raking in pesos in massive quantities…
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Tag Archive for ‘interest rates’
The Mexican Peso Is Strong, and that’s Not Necessarily a Good Thing
By THÉRÈSE MARGOLIS … The reason the peso is so strong is because of a financial practice known as carry trading, which is neither long-term nor sustainable…
Bank of Mexico Lowers Forecast for Annual Growth
By THÉRÈSE MARGOLIS The Bank of Mexico (Banxico) lowered it predicted 2019 GDP growth rate for Mexico on Wednesday, Feb. […]
