Mexico City. The Bank of Mexico (BdeM) will pause the cycle of cuts to the reference rate and it will not be until the middle of the year when it will lower the objective again, according to economic analysts consulted by Citibanamex. The latest Citibanamex Expectations Survey, carried out in analysis areas of banks, brokerage … Read more
/cloudfront-us-east-1.images.arcpublishing.com/artear/Y34HH6KMJVFWRLE3JDOLWMNGEQ.jpg?fit=%2C&ssl=1)
In an economy in crisis, with default levels rising and fewer and fewer pesos on the street, credit to the private sector continues to fall. During the first quarter of the year, the stock of financing to the private sector grew only 20.3%, well below the inflation of the period, which will be around 50%. … Read more
SHANGHAI/SINGAPORE, March 15 (Reuters) – China’s central bank left the policy rate unchanged and withdrew cash from a medium-term lending operation, as authorities continued to prioritize currency stability amid of uncertainty over the timing of interest rate cuts planned by the US Federal Reserve. The Fed’s historic monetary tightening has strengthened the dollar and pressured … Read more
SHANGHAI/SINGAPORE, Feb 19 (Reuters) – China’s central bank left the policy rate unchanged on Sunday, as expected, as it refinanced maturing medium-term loans, as uncertainty over the timing of The Federal Reserve’s rate cuts limit Beijing’s room for maneuver in terms of economic policy. Beijing is doing a delicate balancing act to sustain the economy … Read more
In a strategic move, the Banco Central (BCRA) has managed to acquire close to US$ 7,000 million in the last two months, consolidating a record of growth in gross reserves. This increase translates into a total of US$26,509 million at the end of the day, according to preliminary data and excites the Government of Javier … Read more