MADRID (EUROPA PRESS) – The Governing Board of the central financial institution of Mexico (Banxico) considers that the present inflationary setting will permit it to proceed slicing rates of interest within the nation, despite the fact that it considers {that a} restrictive financial stance remains to be required, since The combat in opposition to inflation … Read more
MEXICO CITY (apro).- Growth expectations for real Gross Domestic Product (GDP) for 2024 were reduced from 1.8 percent in July to 1.6 percent in August, according to the Survey on Expectations of Private Sector Economic Specialists for last month and published this Monday by the Bank of Mexico (Banxico). This marks the sixth month that … Read more
MADRID (EUROPA PRESS).- The Mexican central bank (Banxico) will make a monetary policy decision at its meeting on Thursday that could involve a 25 basis point cut in interest rates, after keeping the rate unchanged at 11 percent in its last two meetings. According to the June data, the latest to date, the year-on-year inflation … Read more
MADRID (EUROPA PRESS).- Mexico’s financial market, made up of various economists and analysts in the country, has revised downwards its forecast for the country’s Gross Domestic Product (GDP) growth, both for 2024 and 2025, and now expects expansion to be 1.8% this year and 1.59% next year, compared to the 2% and 1.68% it previously … Read more
MEXICO CITY (apro).- The International Monetary Fund (IMF) lowered its economic growth outlook for Mexico in 2024 from 2.4%, estimated in April, to 2.2% due to a moderation in demand. In a video conference, Petya Koeva Brooks, deputy director of the IMF’s Research Department, said that part of the moderation in demand in Mexico is … Read more
Los banks will invest about 24 billion pesos in cybersecurity and the increase in digital offer during this year, according to the Association of Banks of Mexico (ABM). Julio Carranza, leader of the bankersstressed that last year the same amount was allocated to the protection against cybercriminals and the expansion of digital products derived from … Read more
He Bank of Mexico (Banxico) decided today, June 27, to maintain his reference interest rate at 11% with divided voting. Analysts already anticipated that the central bank would not take out the scissors until its next monetary policy meeting in August. It was with the vote of the governor of Banxico, Victoria Rodríguez Ceja, as … Read more
He banking sector will open the portfolio for support the projects of the next government among which stand out Infrastructure works; financing for micro, small and medium-sized businesses; increase of the financial inclusiony creation of industrial parks. According to the Association of Banks of Mexico (ABM)the President-elect, Claudia Sheinbaumhe committed, during the campaign, to invest … Read more
MADRID (EUROPA PRESS).- Mexico could intervene to restore order if the volatility of the currency market becomes “extreme,” according to the governor of the country’s central bank, Victoria Rodríguez. The governor’s statements came amid the high volatility that the Mexican peso has been experiencing in recent weeks, which has led global losses. However, Rodríguez did … Read more
MEXICO CITY (apro).- There is nervousness in the financial markets and investors after the elections of June 2 and the recent statements by Ignacio Mier, Claudia Sheinbaum and President Andrés Manuel López Obrador, regarding the reforms that are being carried out. They intend to approve this September, particularly that of the Judiciary. The virtual president … Read more
