You need to know how to manage your finances Credits: Cuartoscuro It’s no lie to say that one of the first things to know about financial education This is how something called the interest rate works. And it doesn’t just impact your personal finances, It also influences the stability of governments and banks. From 2023, […]
Tag: Interest rate
5 recommendations for choosing the best credit card
Don’t use more than 30% of your card limitCredits: Cuartoscuro It’s not a lie when we say that credit cards These are the most popular personal finance tools in Mexico and around the world. You could say we all talk how we behave at the fair, so some have great experiences with this payment method […]
Banxico has stopped rising interest rates and is keeping them at 11.25%
considers that it will be necessary to maintain the reference rate at its current level for an extended periodCredits: Special The board of directors of Bank of Mexico unanimously decided to maintain its reference interest rate to 11.25% and maintain it at its current level for an extended period. However, in order to achieve an […]
Banxico slows the interest rate: it keeps it at 11.25%
considers that it will be necessary to maintain the reference rate at its current level for an extended periodCredits: Special The board of directors of Bank of Mexico unanimously decided to maintain its reference interest rate to 11.25% and maintain it at its current level for an extended period. However, in order to achieve an […]
US Fed raises interest rates
It is close to stopping the rise in the cost of borrowing.Credit: AP WASHINGTON. There Federal Reserve (fed) of UNITED STATES lifted the interest rate by a quarter of a percentage point (25 basis points), but signaled that it was poised to halt further increases in borrowing costs amid recent turmoil in financial markets following […]
They warn of liquidity risk, due to inflation and rising interest rates
Banco Azteca general manager Alejando Valenzuela celebrated that the Bank of Mexico “did not shake hands in monetary policy”Credits: Daniel Ojeda He rising interest rates not only causes A rising cost of creditAlso paste into resourceIt is, in the lack of liquidity continue the dynamism of financing, informed Alejandro Valenzuela del Río, CEO of Banco […]
Be careful if you pay the minimum on your credit card! Here’s how rising interest rates affect you
Banxico announced the increase. Credits: Darkroom The Bank of Mexico announced an increase in the interbank interest rate one day at a level of 11.00%, because in January, the headline inflation has increased to settle at 7.91%. The underlying component, which better reflects the evolution of inflation, stands at 8.45%, surprisingly on the rise. This […]
Rising interest rates boost bank profitability in Mexico
Eduardo Osuna Osuna, executive vice president and general manager of BBVA Mexico, clarified that the increase in interest rates represented less than 10% of net profitsCredits: Darkroom In 2023, discharges interest rate And operating efficiency will continue to increase the profitability of the bank in mexicoagree with Bx+ Financial Group. Eduardo López Ponce, financial analyst […]
They predict choppy inflation and mild GDP growth for 2023
25 basis points of the financing rate, in FebruaryCredits: Darkroom the economic growth of 0.95 percent, annual headline inflation of 5.18% and Treference interest rate of 10.25%is the analyst mean for Mexico in 2023according to Waiting for Citibanamex. However, given the recessionary outlook for the US economy, it is possible tightening of monetary policiesnew disturbances […]
Banxico again breaks a record: the interest rate has increased by 10%
The 75 basis point increase was in line with expectations.Credits: Special. As expected, the Bank of Mexico decided to raise the interbank interest rate to a level of 10%. These effects, the institution announced, will take effect from November 11. It won’t be the last increasebecause we expect there to be a a d more […]