Mexico City. The current account of the balance of payments – which reflects the operations carried out by the country abroad, including inflows and outflows, such as remittances, debt payments, among others – observed a surplus of 3,639 million dollars in the second quarter of 2024, according to data released this Friday by the Bank … Read more
Mexico City. The autonomy of the Bank of Mexico (BdeM) is not at risk with the arrival of Claudia Sheinbaum Pardo to the presidency of the Republic, assured Deputy Governor Jonathan Heath Constable. “I don’t think that with this change in administration there will be a change in perception of the work that the bank … Read more
Mexico City. The governing board of the Bank of Mexico (BdeM) decided on Thursday to reduce its reference interest rate by a quarter of a percentage point to 10.75 percent. The decision was divided, as two members voted to keep it unchanged. The rate that determines the cost at which businesses and families in Mexico … Read more
Mexico City. In a highly volatile session, the Mexican peso erased its morning gains and rebounded to a high of 18.86 per dollar on Thursday. The Mexican currency registered a daily depreciation of 0.75 percent, equivalent to 14.01 cents against the US currency, to close at 18.7721 units per spot dollar, a level not seen … Read more
Mexico City. The Bank of Mexico (BdeM) must reduce the reference rate this Thursday after the recent events of volatility that occurred worldwide on Monday. Failure to do so would be a “mistake” on the part of the central bank, said BBVA, the bank with the largest presence among those operating in the country. According … Read more
He Financial institution of Mexico (Banxico) introduced the launch of a brand new forex of 20 pesoswhich has been in circulation on the streets since as we speak, so do not be stunned that you would be able to have it in your fingers at any time. Minted within the Trade homethe piece is commemorative … Read more
Mexico Metropolis. In current days, the nation’s monetary markets have been experiencing robust volatility derived from “idiosyncrasy” components, mentioned the Financial institution of Mexico (BdeM); Nevertheless, he assured that the nation’s macro fundamentals that led to the great efficiency of the markets and the economic system are nonetheless in pressure to face it. As well … Read more
Mexico Metropolis. The steadiness of the present credit score portfolio granted by industrial banks to shoppers amounted to 1 trillion 504 billion pesos in April, an quantity that confirmed a rise of 13.9 % in comparison with the identical interval final yr, in accordance with information revealed this Friday by the Financial institution of Mexico … Read more
Mexico Metropolis. The Financial institution of Mexico (BdeM) expects the native economic system to reactivate within the second and third quarters of the 12 months, after the weak point of the final three months of 2023 was extended within the first, in keeping with the minutes of the newest coverage choice. financial launched this Thursday. … Read more
Mexico Metropolis. Throughout the first quarter of the 12 months, virtually two out of each 10 corporations accessed new financial institution credit score on condition that the phrases provided by monetary establishments had been extra enticing in comparison with the earlier quarter; Nevertheless, excessive rates of interest had been the rationale why 8 out of … Read more