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
MADRID (EUROPA PRESS).- The Mexican monetary marketplace, made up of various economists and analysts within the nation, revised downwards its forecast for the expansion of the rustic’s Gross Home Product (GDP), with a worsening of 0.12 share issues in comparison to the month earlier, as much as 1.45 p.c. This information contrasts markedly with what … Read more
MEXICO CITY (apro).- On September 26, the Governing Board of the Financial institution of Mexico (Banxico) authorized, by way of majority, the adjustment of 25 foundation issues to the objective for the interbank rate of interest, striking it at 10.50%. The verdict used to be the second one consecutive minimize, after a cycle that had … 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
MEXICO CITY (apro).- Although, in the period from January to July 2024, the accumulated amount of income from remittances amounted to 36.94 billion dollars – equivalent to an annual growth of 2.9% – the month of July suffered an annual reduction of 1%, with income standing at 5.614 billion dollars. Today, the Bank of Mexico … Read more
MEXICO CITY (apro).- The Bank of Mexico (Banxico) indicated in its quarterly report for the April-June period that a slower pace of expansion than previously anticipated is expected for national economic activity. The central bank expected a recovery in the pace of economic activity expansion in the second quarter of 2024, but growth in that … Read more
MEXICO CITY (apro).- In its quarterly report for the period April-June 2024, the Board of Governors of the Bank of Mexico (Banxico) pointed out the idiosyncratic and global factors that have impacted the Mexican exchange rate, which has registered a significant loss of ground against the dollar. Among the idiosyncratic factors that have contributed to … Read more
MEXICO CITY (apro).- Last Thursday, August 8, the Bank of Mexico (Banxico) announced a 25 basis point reduction in the target for the Interbank Interest Rate, which placed it at 10.75%. Following the reduction, the rates for Treasury Certificates (Cetes) registered declines in the four auctioned terms. Cetes are lower-risk investments, with very short maturity … Read more
MEXICO CITY (apro).- Faced with an altered economic outlook in recent weeks, the Bank of Mexico announced that it has cut interest rates to 10.75%. The Board of Governors of the Bank of Mexico decided to reduce the target for the Overnight Interbank Interest Rate by 25 basis points to a level of 10.75%, effective … 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
