Commercial banking credit to the private sector maintained its growth rate in the tenth month of 2024, recording good momentum in its three main components. According to the Money Concentrations and Financial Activity published on Friday by the Bank of Mexico (Banxico), the current credit portfolio showed a real annual growth of 7.2% in October … Read more
The peso advanced on Friday for the third consecutive session amid a general weakening of the dollar, which partially overshadowed a series of negative local news for the Mexican currency, including a cut in the key rate and a downgrade of Mexico’s credit outlook by Moody’s. In wholesale operations, the exchange rate concluded at 20.38 … Read more
Mexico City. From January to September, the group of private banks operating in the country obtained profits of 222,657 million pesos, the best result for a similar period since records have been recorded, demonstrate the latest figures released by the National Banking and Investment Commission. Securities (CNBV). This result in the accumulated result of the … Read more
Mexico City. The reduction in interest rates, which the Bank of Mexico (BdeM) has already initiated, is in favor of increasing credit and reducing the difficulties in meeting the debts of medium-sized companies in Mexico; every time he nearshoring and the growth of services maintain the dynamism of financing, stated Miguel Ángel Gomez, co-founding partner … Read more
Mexico City. Despite the general strengthening of the dollar, the Mexican currency showed an important return from the 20 pesos per dollar that it reached on Wednesday morning, closing with a daily appreciation of 0.62 percent, equivalent to 12.44 cents, to close at 19.8234 units. per dollar spot. According to data from the Bank of … Read more
Mexico City. Specialists consulted by the Bank of Mexico (BdeM) predicted that general inflation will close below what they had estimated; However, they also cut their economic growth expectations for both this and next year. According to the “Private Sector Economic Specialists’ Expectations Survey: September 2024,” the 2024 gross domestic product will be 1.46 percent, … Read more
The peso recovered ground against the dollar, after this Thursday the Bank of Mexico reduced the interest rate by a quarter of a point, half of the cut made last week by the US central bank. At the close of the session in the interbank (wholesale) market, the Mexican currency registered an appreciation of 0.09 … Read more
Mexico City. In the midst of the decision of the United States Federal Reserve (Fed) to cut its reference rate by half a percentage point and in the face of risk aversion with respect to Mexico, the Mexican peso tried to maintain its winning streak, but in the end it deflated . The Mexican currency … Read more
Mexico City., Following the broad rate cut by the United States Federal Reserve (Fed), awaiting the monetary policy decision by the Bank of Mexico this week, and given the monetary surprise in China, the Mexican peso starts the last week of September at levels close to 19.34 per dollar. At the opening of the American … Read more
Mexico City. Economic analysts consulted by Citibanamex lowered their growth projection for this year from 1.7 to 1.5 percent, according to the latest Expectations Survey of the financial institution. According to the survey, conducted every two weeks among analysts from banks, brokerage firms, consulting firms, among others, Barclays and Masari Casa de Bolsa are the … Read more