Banco de México Raises Rates Again With Inflation Risk To Mexican Economy

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%

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.