Updated on 12/31/2021 04:50 am Mexico’s central bank will have its own digital currency in circulation by 2024 as part of efforts to boost financial inclusion. “Considering these new technologies and state-of-the-art payment infrastructure are of utmost importance as high-value options”The federal government wrote on its Twitter account Wednesday night, confirming the bank’s plan. Around […]
Tag: Banxico
Neither aggressive hike can calm inflationary fears in Mexico
The surprising and audacious rate hike Mexico was not enough to convince investors that the central bank will be able to control the inflation. That should help the weight maintain its attractiveness. The nation’s two-year breakeven remains above the official inflation target range of 2% to 4% even after Banxico, as the central bank is […]
Leadership change will test the Mexican central bank amid rising inflation
The surprising turn of the helm by the Mexican president Andrés Manuel López Obrador in the nomination process for the next president of Bank of Mexico (Banxico) has cast doubt on the bank’s rate-tightening cycle as it struggles to keep high inflation under control. López Obrador, a leftist politician who has already placed three of […]
Banxico faces uncertainty ahead of meeting, according to governor
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Mexico’s central bank’s next monetary policy decisions will be data-driven and dependent on any additional price shocks, Governor Alejandro Díaz de León said, indicating that policymakers are not committed to an established path for Interest rates. “We are neither pointing in a certain direction nor ruling out any direction”, Diaz de León said in a […]
Banxico Board divided: ‘inefficient’ or required hikes?
Updated on 10/16/2021 03:43 am A “more aggressive tightening” of monetary policy is likely to be required. Mexico to face the complex risk scenario that looms, said a member of the country’s central bank, according to the minutes of its last meeting published on Thursday. The majority of the five-member Board of the Bank of […]