The agency Moody’s Investors Service this Friday maintained its growth estimate for the economy of Mexico at 2.2% by 2024, driven by strong domestic demand and the phenomenon of company relocation or ‘nearshoring’. In its latest global outlook 2024-25 in February, the rating agency warned that growth in G-20 economies will stabilize at modestly lower […]
Tag: Bank of Mexico
IMF renews US$35 billion credit line for Mexico for two years
The executive board of International Monetary Fund (IMF) renewed this Thursday the Flexible Credit Line (LCF) of US$ 35,000 million for Mexico for two more years, which means “a recognition of the solidity of the institutional framework for macroeconomic policies”, The Ministry of Finance and Public Credit (SHCP) and the Bank of Mexico. In a […]
Banco de México maintains the interest rate unchanged at 11.25% for the fifth time
He Bank of Mexico (Banxico) remained unchanged this Thursday, for the fifth consecutive time, the interest rate at 11.25%, the highest level in its history, announcing that it will still have to keep it that way “for a certain time”. In its announcement, which was within market expectations, the central bank “recognized that the disinflationary […]
The strength of the peso hits the economy of the northern border of Mexico
The strength of the Mexican peso, which accumulates an appreciation of more than 13% against the American dollar So far this year, the economy of the northern border of Mexicowith impacts on factories and the loss of customers in local businesses. An example is Ciudad Juárez, bordering the US city of El Paso, Texas, where […]
The Bank of Mexico maintains the interest rate at 11.25% and breaks its streak of increases
The Bank of Mexico (Banxico) this Thursday kept the interest rate unchanged at 11.25%the highest level in its history, in a decision that broke with fifteen consecutive increases given the high levels of inflation. In its announcement, the central bank “He considered that a phase of disinflation has been entered due to the fact that […]
Super peso: the threats that would jeopardize the rise of the Mexican currency
The superweight has impacted the world since the beginning of the year, for continuing its positive streak since 2022. Specialists say that this trend is a response to the combination of factors that have fostered its growth, but that can also put it at risk its current value. The price of the Mexican currency against […]
Mexico prices rise at a ‘phenomenal’ rate: central banker
Consumer prices for Mexico They are rising at a phenomenal rate and may not peak until late 2021 or early 2022, requiring an appropriate response from monetary policy makers, said Jonathan Heath, deputy governor of the central bank. Both internal and external supply shocks have led to an upward trend in inflation, leaving no room […]