The Mexican Central Bank, Banco de México raised interest rates by 25 basis points to 5.00% with the bank saying headline and core inflation forecasts were revised upwards. Last month the Banco Central do Brasil hiked its benchmark interest rate by 150bp to 7.75% The Mexico central bank Governing Board increased the target for the overnight interbank interest rate by 25 basis points to 5.00%. The vote was not unanimous, voting in favor of the decision were Alejandro Díaz de … Continue reading “Banco de México Raises Rates Again With Inflation Risk To Mexican Economy”
Banco de México Raises Rates With Inflation Risk To Mexican Economy
The Mexican Central Bank, Banco de México raised interest rates by 25 basis points to 4.75% with the bank saying headline and core inflation forecasts were revised upwards. Last week the Banco Central do Brasil hiked its benchmark interest rate by 100bp to 6.25%
Banco de México Cuts Rates as Mexican Economy Risks Remain To Downside
The Mexican Central Bank, Banco de México cut interest rates as expected. The bank sees lower GDP growth and CPI in 2019 and 2020 in an underperforming economy and widening output gap.
Goldman Sachs Warns of Surprise Banco de México Rate Cut as Mexican Economy Deteriorates
Goldman Sachs say that Banco de México, Mexico’s central bank may respond with a surprise rate cut They cite an underperforming economy, cost of border protection and widening output gap.
Germany’s Ruling Coalition Back From Brink as Merkel and Seehofer Strike Deal
The Euro rallied in relief after Germany’s ruling government came back from the brink. Chancellor Angela Merkel and coalition partner Horst Seehofer, who had threatened to resign, struck a deal on immigration.