PULSE NEWS MEXICO Although the next meeting of the Central Bank of Mexico (Banxico) is not due until Thursday, June 23, Banxico’s deputy governor, Jonathan Heath, on Friday, June 10, said that its board members will most likely increase the base interest rate by 75 points during that next monetary policy vote. Heath said that the increase, which is highly
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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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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 THE PULSE NEWS MEXICO STAFF Inflation in Mexico jumped dramatically in November to 7.37 percent, its highest level since January 2001, and financial analysts have raised their annual forecasts to close the year at 8 percent. In the second half of the November, the National Consumer Price Index (INPC) jumped to 7.7 percent, also its highest level since 2001,
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By THE PULSE NEWS MEXICO STAFF Mexico’s spiraling inflation rate will reach 7 percent by the end of the year, according a consensus of private analysts consulted by Citibanamex. This figure would represent an increase of 30 points compared to a survey carried out by the firm a fortnight ago, when those same analysts estimated that inflation would close this
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By RICARDO CASTILLO Vaccination Rush There are reports of complaints from all over Mexico that throngs of “influential” persons want to use their jobs in government to be the first in line to get access to the much-desired anti-covid vaccines. In Nogales, Sonora, on the border with Arizona, the Social Security for Government Employees (ISSSTE) officials pointed a finger at
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By RICARDO CASTILLO The last brawl in this legislative year in the Mexican Congress was over the so-called “Monreal Bill” that was stuck in the middle of a verbal debate and its vote postponed until February. The bill is also known as the “Bank of Mexico,” or “Banxico Bill,” and it has already passed with leeway at the Senate, and
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By RICARDO CASTILLO Banxico Law Postponement The Mexican Chamber of Deputies on Tuesday, Dec. 15, announced it was postponing the debate on the Bank of Mexico (Banxico) Bill approved last week by the Senate until February. Deputies Chamber President Laura Rojas made the announcement on social media after the majority National Regeneration Movement (Morena) insisted on discussing and voting on
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By KYLIE MADRY Domestic, Sexual Violence Continue to Rise Domestic and sexual violence are on the rise for the 5th straight month in Mexico, according to statistics released by the Executive Secretariat of the National Public Security System (SESNSP) Sunday, Oct. 25. In September, 20,087 criminal complaints were filed for domestic violence. That’s the second highest month this year, after
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XINHUA Retail sales in Mexico rose 7.8 percent in June compared to May, the National Institute of Statistics and Geography (Inegi) reported on Friday, Aug. 21. Sales of wholesale products grew by 11.1 percent in June, their first positive result in three months. The deputy governor of the Bank of Mexico, Jonathan Heath, explained that the figures released by the
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