Senate Confirms José Gabriel Cuadra as Banxico Member: Who is He?

Senate Confirms José Gabriel Cuadra as Banxico Member: Who is He?

The ⁢Inner Workings of the ⁤Mexican Central Bank: A Deep Dive into Governance and Expertise Table of Contents The ⁢Inner Workings of the ⁤Mexican Central Bank: A Deep Dive into Governance and Expertise The Governing Board: ‌A Core⁤ of Competence Expertise and experience: The Backbone of Decision-Making The Role of⁣ the Central ⁤bank: Beyond Monetary … Read more

Mortgage Credit Growth in Mexico Predicted to Increase by 5% in 2024: Expert Insights

Mortgage Credit Growth in Mexico Predicted to Increase by 5% in 2024: Expert Insights

He mortgage credit It will have growth between similar to 2023 and an increase of 5%, according to estimates by different leaders of the banking sector in Mexico. They expressed their opinion in the Mortgage Outlook Panel 2024 organized by Soc Advisors, one of the largest companies in brokers in Mexicothis is from advisors who … Read more

Consumer credit grows 13.4% in October, despite high interest rates

Consumer credit grows 13.4% in October, despite high interest rates

Consumer credit maintained its dynamism in October with a growth of 13.4 percent annually in real terms, to a total of 1.38 trillion pesos, according to the current credit granted by commercial banks to the private sector published by the Bank of Mexico (Banxico). Although the data is solid, it marked a marginal moderation, since … Read more

Banxico Allows Temporary Credit Card Payment Deferrals; Mexican Government Implements Support Plan for Acapulco Reconstruction

Banxico Allows Temporary Credit Card Payment Deferrals; Mexican Government Implements Support Plan for Acapulco Reconstruction

“This will allow institutions to offer support schemes so that their affected clients have the opportunity to temporarily defer payment of their credit cards,” Banxico said. Banxico said these types of measures should be in effect until April and asked lenders to provide clear information to their clients about the terms of the benefits. In … Read more

High rates will eventually hit mortgage credit: Santander

High rates will eventually hit mortgage credit: Santander

fernanda murillo Mexico City / 07.03.2023 01:46:00 The main challenge that the country has for this 2023 is to control inflation, since at the moment its growth generated that the Bank of Mexico (Banxico) will raise the reference interest rates and with this will eventually impact the demand for mortgage credit, he considers Philip GarciaCEO … Read more