Tag Archives: interest rates

Mexico News Roundup

By RICARDO CASTILLO 69 New Barracks for National Guardsmen Mexican President Andrés Manuel López Obrador (AMLO) spent the weekend inaugurating new barracks for the National Guard in the states of Jalisco, Michoacán and Guanajuato, the latter two known for a high presence of organized criminal gangs. Mexican Defense Secretary Luis Cresencio Sandoval said each barrack will house somewhere between 120 and

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Mexican Peso Strong, That’s Not Necessarily a Good Thing

By THÉRÈSE MARGOLIS     Every time the Big Three international rating agencies downgrade the country or it’s state-run oil venture, Petróleos Mexicanos (Pemex), Mexican President Andrés Manuel López Obrador (AMLO) proudly points to the fact that the peso is doing well against the U.S. dollar, with a parity now below 19 to 1. And in most financial universes, a strong currency

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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. 27, from between respectable 1.7 and 2.7 percent to an unexceptional 1.1 to 1.2 percent on Wednesday, Feb. 27. Citing a variety of causes from a global economic slowdown to internal factors such as fuel shortages (due to a nationwide

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