Banco de México Raises Rates Again with Inflation Risk to Mexican Economy

The Mexican Central Bank, Banco de México raised interest rates by 50 basis points to 7.00% with the bank saying headline and core inflation forecasts were revised upwards. One dissenter voted to hike by 75 bps. The Mexico central bank Governing Board increased the target for the overnight interbank interest rate by 50 basis points to 7.00%. The vote was not unanimous. Voting in favor of the decision were Victoria Rodríguez, Galia Borja, Gerardo Esquivel, and Jonathan Heath. Voting in … Continue reading “Banco de México Raises Rates Again with Inflation Risk to Mexican Economy”

Banco de México Raises Rates Again as Inflationary Pressures Greater and Lasted Longer Than Anticipated

The Mexican Central Bank, Banco de México raised interest rates by 50 basis points to 6.00% with the bank saying Inflationary pressures have been greater and have lasted longer than anticipated. Banco Central do Brasil​ again aggressively hiked its benchmark interest rate by 1.5% to 10.75% last week. The Mexico central bank Governing Board increased the target for the overnight interbank interest rate by 50 basis points to 6.00%. The vote was not unanimous, Voting in favor of the decision … Continue reading “Banco de México Raises Rates Again as Inflationary Pressures Greater and Lasted Longer Than Anticipated”

Banco de México Raises Rates Again As Inflation Risk Deteriorates More

The Mexican Central Bank, Banco de México raised interest rates by 50 basis points to 5.50% with the bank saying Balance of Risks for Inflation Have Deteriorated. Last month the Banco Central do Brasil​ hiked its benchmark interest rate by 1.5% to 9.25%. The Mexico central bank Governing Board increased the target for the overnight interbank interest rate by 50 basis points to 5.50%. The vote was not unanimous, voting in favor of the decision were Alejandro Díaz de León, … Continue reading “Banco de México Raises Rates Again As Inflation Risk Deteriorates More”

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%

Kansas City Southern Railway Bidding Wars With Canadian Pacific and Canadian National

Kansas City Southern is at the center of a bidding war between Canadian Pacific and Canadian National sending $KSU up +18.73 to $288.33. $CP sweetened its buyout offer in a bid to push merger rival $CNI away.

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.