If you have a credit card, the interest you will have to pay to use it will increase significantly.Credits: Photo: Fourth Black The inflation in Mexico, it does not stop and continues to squeeze the pockets of thousands of families; that is why the Bank of Mexico (Banxico) again raised the interest rate to deal […]
Tag: Interest rate
Gabriel Casillas: Exchange rates and expectations, effective channels for influencing inflation
Banxico would raise rates to the same level as the Federal ReserveCredits: Cuartoscuro The exchange rate and expectations are the most important channels to fight against the increase in inflation in Mexico and not the rise in benchmark interest rates to affect investment, the economy and bank credit, he estimated. Gabriel Casillas, Chief Economist for […]
Breaking news: Banxico raises interest rate by 75 basis points, reaching 9.25%
The price of silver has risen againCredits: Photo: Archives / CUARTOSCURO The Bank of Mexico has announced the economic policy that will serve to counter the inflation that the country is facing. This behavior of the indicator is the highest of the last 20 years. The decision led to a 75 basis point increase in […]
Breaking news: Banxico raises interest rates by 75 basis points, hits 9.25%
The price of silver has risen againCredits: Photo: Archives / CUARTOSCURO The Bank of Mexico has announced the economic policy that will serve to counter the inflation that the country is facing. This behavior of the indicator is the highest of the last 20 years. The decision led to a 75 basis point increase in […]
How does Banxico affect me if it raises its interest rate? That says an expert
The rise was in line with what was expected by the market and the rise of the US Federal ReserveCredits: Hanzel Forteza Robert Aguilarfinancial analyst and contributor to Herald of Mexicospoke about the interest rate increase announced on Wednesday by the Bank of Mexico (Banxico) and explained why it is important for the national economy. […]
Banxico would continue to raise interest rates, warns expert
The expert pointed out that a new debate is underway on how long it will take for inflation to reach its 3% targetCredits: Special The board of directors of Bank of Mexico It unanimously approved a 75 basis point increase in its benchmark interest rate to 8.5% and indicated that it will assess the extent […]
Will the interest rate go up? Banxico proposes a more restrictive monetary policy
Bank of Mexico board members bet on tighter monetary policyCredits: Special Members of Board of Governors of the Bank of Mexico They bet on a tighter monetary policy and as many as two out of five openly came out in favor of another 75 basis point hike, according to minutes number 93 of the meeting […]
Why do interest rates rise when inflation rises?
Credits: Photo: El Heraldo Media Group Over the past few months, we have constantly heard that the central banks such as Banxico either the FED has chosen to increase its rates by 0.25, 0.50 or 0.75 percentage point (this means that if the rate was at 3% and it is increased by 0.50 percentage point, […]