City Mexico Financial News

10.07 / 18:15

COST UPS Citi Aviat Airlines AIM Mexican military to take over airports as president takes aim at corruption, mismanagement

Mexico’s armed forces are taking control of the capital’s main airport, and the government plans to give the military control of nearly a dozen more across the country as the president takes aim at corruption and mismanagement

06.07 / 01:53

Citi FIVE Southern Mexico bus crash: 29 dead, 19 injured in tragic accident in Oaxaca

A bus crashed into a ravine in southern Mexico early on Wednesday morning, killing at least 29 people and injuring another 19, according to state officials. The bus, traveling from Mexico City through southern Oaxaca state, crashed at around 6:30 a.m.

23.06 / 14:23

Target Bank of Mexico Keeps Interest Rates Unchanged

MEXICO CITY—The Bank of Mexico held its benchmark interest rate steady for a second consecutive meeting as inflation eased further and said it plans to keep the rate at its current level for a prolonged period.

23.06 / 02:01

Target Bank of Mexico Keeps Interest Rates Unchanged

31.05 / 23:57

Citi Bank of Mexico Raises Growth Estimate for 2023

MEXICO CITY – The Bank of Mexico projects the country’s economic output to grow 2.3% in 2023, more than the 1.6% the central bank previously estimated, after a stronger-than-expected start to the year.

31.03 / 11:49

Target Bank of Mexico Slows Pace of Interest-Rate Increases

MEXICO CITY—The Bank of Mexico raised interest rates for a 15th consecutive time Thursday, while slowing the pace of monetary tightening as inflation shows signs of easing.

10.02 / 11:41

Target Bank of Mexico Raises Benchmark Rate More Than Expected

MEXICO CITY—The Bank of Mexico raised its benchmark interest rate more than expected, and signaled that at least one more increase is likely as inflation takes longer to recede than it had foreseen.

01.02 / 19:03

Manufacturing Mexico’s Industrial Hubs Grow as Part of Trade Shift Toward Nearshoring

MEXICO CITY—Companies from around the world are moving production and equipment to Mexico as they seek a manufacturing hub closer to the U.S., part of a broader shift in global trade.

01.12 / 15:23

Target Nov Bank of Mexico Deputy Governor Sees Risk of Overdoing Rate Increases

MEXICO CITY—Bank of Mexico deputy governor Gerardo Esquivel said the central bank runs the risk of raising interest rates too far in its bid to contain inflation, according to the minutes from this month’s monetary policy meeting.

30.11 / 21:33

Target Nov Bank of Mexico Deputy Governor Sees Risk of Overdoing Rate Increases

29.11 / 17:01

Target Nov Bank of Mexico Deputy Governor Sees Risk of Overdoing Rate Increases

27.11 / 17:03

Target Nov Bank of Mexico Deputy Governor Sees Risk of Overdoing Rate Increases

26.11 / 16:09

Target Nov Bank of Mexico Deputy Governor Sees Risk of Overdoing Rate Increases

24.11 / 22:01

Target Nov Bank of Mexico Deputy Governor Sees Risk of Overdoing Rate Increases

01.09 / 17:03

Bank of Mexico Cuts 2023 Growth Estimate on Global Slowdown

MEXICO CITY—The Bank of Mexico lowered its growth forecast for 2023 on expectations of slower global economic activity and weaker external demand for Mexican-made goods, particularly from the U.S.

30.08 / 10:41

Blockchain Art Adoption interview Frida Kahlo art finds permanent home in the metaverse

The family of the world-renowned painter Frida Kahlo released never before seen art and memorabilia tied to the artist into the metaverse. The content debuted in a permanent exhibition during the third-annual Metaverse Art Week in Decentraland, held on Aug. 24–28.

28.04 / 02:03

Adoption regulation Bitcoin Bitcoin ATM installed in Mexico's Senate Building

Mexico's Senate building now houses the country's 14th Bitcoin (BTC) ATM, a sign of the country's increasing interest in Bitcoin. The ATM was installed on Tuesday with the support of several legislators, including Miguel Angel Mancera, head of the parliamentary group of the Party of the Democratic Revolution (PRD).

24.02 / 22:45

Target Core inflation Bank of Mexico Minutes Stress Core Inflation Concerns

MEXICO CITY—Mexican central bankers were concerned about rising core inflation and its effect on inflation expectations when they raised interest rates by a half percentage point at their meeting earlier this month, minutes of the meeting showed Thursday.

11.02 / 12:09

Target FIVE Time Bank of Mexico Raises Interest Rates Sixth Straight Time

MEXICO CITY—The Bank of Mexico kicked off 2022 with its sixth consecutive interest-rate increase, citing rising near-term inflation expectations and tightening monetary conditions across the world.

31.12 / 00:23

Digital 2024 Bank of Mexico Plans to Launch Digital Currency by 2024

MEXICO CITY—The Bank of Mexico plans to put its own digital currency in circulation by 2024 to use the latest payments technology to foment financial inclusion in an economy that relies on cash for most transactions, according to the Mexican government.

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