At the end of October 2024, the balance of financing granted by commercial banks stood at 10 trillion 196 billion pesos, which meant real growth – that is, discounting inflation – of 6.3 percent, the report reveals. Monetary Aggregates of the Bank of Mexico (BdeM). Of the components of this indicator, the financing granted to … Read more
Mexico City. Income from remittances in September saw a sharp decline. In the reference period, money transfers from Mexicans residing abroad totaled 5,359 million dollars, data that showed an annual reduction of 4.6 percent, the Bank of Mexico (BdeM) reported this Friday. According to the information published by the institution, the amount corresponding to the … Read more
Mexico City. Economic analysts from the private sector consulted by the Bank of Mexico (BdeM) adjusted downwards for the fifth time the growth expectation of the Gross Domestic Product (GDP) for 2024, so that in October it stood at 1.40 percent. According to the survey carried out by the central bank to 35 economic analysis … Read more
So far this year, the Bank of Mexico (BdeM) has reduced the interest rate on three occasions and with this some of the popular financial companies (Sofipos) and banks that operate digitally have begun to reduce the rate of return that they offer in their savings products to their clients. The so-called rate war and … Read more
The current value of the peso against the dollar is more balanced for the Mexican economy and is far from affecting inflation goals, said Jonathan Heath, deputy governor of the Bank of Mexico (BdeM). An exchange rate at the levels it is at now, from 19 to 19.50, is better valued for the economy, more … Read more