For a few weeks, the financial institutions reported that at the international level there is a problem with inflation, since it is in increase, To deal with this situation, different tactics are being used. In this way, it is intended that the citizens’ pockets remain stable and without major losses.
In the case of Bank of Mexico (Banxico), recently decreed that the first action will be to increase the Reference Interest Rate in 75 basis points, this means that it will grow so that it is placed at 7.75%. This will take effect from this Friday June 24, this was determined after holding a meeting with the Governing Board of the agency.
This decision will generate a series of consequences that will affect the situation of the mexicans, because this institution is in charge of keeping strong the mexican pesobut to meet this goal, they assure that it is essential to execute something that benefits everyone.
WHAT ABOUT INFLATION?
Banxico governs the monetary policy in the country, through its actions coordinates the behavior of commercial banks that circulate across the nation, such is the case of BBVA, Santander, HSBC, among others, therefore, any movement that it makes generates changes in the capital of the users.
within the tactics executed by this autonomous entity, is to modify the reference interest rate, which is used by the institutions to make new calculations and regulate the value that they offer to people who request some type of credit. For now that amount will be higher.
The election was issued due to “the environment of heightened uncertainty, the inflationary pressures associated with the geopolitical conflict y al resurgence of cases of COVID-19 in China, and the possibility of greater effects on inflation”, the report pointed out.
WHAT HAPPENS IF YOU HAVE A MORTGAGE LOAN?
This is reflected in various levels, since if the companies are attached to the “lowest interest rate in the market”, what they charge for this concept Will Rise, Consequently, people will have to give more, this also applies to mortgage loans.
People who are paying their house periodically through a variable mortgage, in the end will see that their account statement will be higher after what is established by Banxico comes into force, but it was detailed that this has a purpose, which it intends to be charitable
This also happens because inflation creates salary changes, from where in most cases the collection of this debt.
Thus, the rate of inflation is at 7.88%, while the interest rate is 7.75%, That is why the organization considers that the best option is to invest, search for performance higher than inflation and save.
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