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The Bank of Mexico on Wednesday said it is not wed to hiking interest rates in line with the U.S. Federal Reserve and will evaluate all available data to bring down inflation. There has been much ...
MEXICO CITY (Reuters) -The Bank of Mexico hiked its benchmark interest rate by three-quarters of a percentage point to a record 8.5% on Thursday, mirroring the U.S. Federal Reserve's most recent ...
Mexico's central bank board could discuss a rate cut of either 25 basis points or 50 basis points in its next decision in February, Deputy Governor Jonathan Heath told Reuters, even as he warned ...
The Bank of Mexico (Spanish: Banco de México), abbreviated BdeM or Banxico, is Mexico's central bank, monetary authority and lender of last resort.The Bank of Mexico is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency.
Agustín Guillermo Carstens Carstens (born 9 June 1958 in Mexico City) [1] is a Mexican economist who has served as the general manager of the Bank for International Settlements since 1 December 2017. He served as governor of the Bank of Mexico from 1 January 2010 to 30 November 2017. [2]
In March 1995 the Bank of Mexico decided to publish the TIIE, in order to establish an interbank rate that reflects market conditions. [1]For this purpose, a procedure was established according to which the Bank of Mexico determines the TIIE with quotes presented by the credit institutions.
MEXICO CITY (Reuters) -The Bank of Mexico's cycle of interest rate hikes is not yet over and one or two more increases are likely amid concerns about inflation, though any monetary policy moves ...
In 2023, U.S. exports to Mexico totaled US$322 billion, while the U.S. imported over US$475 billion of Mexican products, according to data from the U.S. Census Bureau. [9] Roughly 70 percent of Mexico's natural gas consumption comes from the United States, and the U.S. imports about 700,000 barrels of crude oil from Mexico each day. [3]