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
Mexico Metropolis. The present account of the stability of funds – which displays the operations carried out by the nation with international nations, together with entries and exits reminiscent of remittances, debt funds, amongst others – noticed a deficit of 12,582 million {dollars} within the first quarter of 2024, the Financial institution of Mexico (BdeM) … Read more
Mexican markets culminated per week of losses as a result of warning of buyers making an attempt to find out the second of a primary rate of interest minimize by the Federal Reserve (Fed), in gentle of the latest financial info. The peso recovered 3 cents yesterday, closing at 16.69 items per greenback in wholesale … Read more
Mexico Metropolis. After protecting the reference price of the Financial institution of Mexico (BdeM) unchanged, the Mexican peso accelerated its positive factors in opposition to the greenback in direction of the shut this Thursday. Confronted with the prospect that the Mexican central financial institution will preserve the present stage of charges for longer, like its … Read more
Mexico City. The flow of remittances that Mexico received in March 2024 registered an annual drop of 3.3 percent, which put an end to a streak of 46 months of increases, which began in May 2020, that is, at the beginning of the confinement due to the covid-19 pandemic, official data reveal. According to figures … Read more
Mexico City. The Banco de México Museum (BdeM) presented the temporary exhibition: “Payments in motion. The SPEI revolution, an exploration that facilitates the understanding of the infrastructures of financial markets”, which portrays the technological innovation developed by the central bank for the benefit of the entire network of payment systems. According to Jessica Serrano Bandala, … Read more
Mexico City. Inflation in Mexico is falling, but “the work is not finished,” emphasized Galia Borja, deputy governor of the Bank of Mexico. The most recent reading, from March, showed that the national consumer price index advanced 4.42 percent annually, far from the levels above more than 8 percent that it reached in the second … Read more
Mexico City. The concentration of economic power in Mexico has become a family inheritance and a revolving door to political power. There is no economy in Latin America and the Caribbean, nor in the Organization for Economic Cooperation and Development (OECD), where so many large companies are in the hands of so few family clans … Read more