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November 12, 2019

Banxico will continue their rate cut cycle with a larger 50bp rate cut on Thursday

A 50bp rate cut would mark the beginning of a long overdue easing cycle.

November 8, 2019

Mexico | It is urgent to increase the Tax Collection

The country only collects 14% of GDP for tax purposes. Not only does this represent the lowest level of all the countries that are part of the Organization for Economic Cooperation and Development (OECD), but it is also lower than the collection levels of most Latin American countries.

November 6, 2019

Mexico | Bank credit to the private sector stabilizes its growth rate in one digit

In September 2019, the nominal annual growth rate of the balance of the current credit portfolio granted by commercial banks to the non-financial private sector was 7.7% (4.5% real). This growth rate was lower than that of the previous month (8.9%) and also to the rate recorded in September 2018 (11.8%).

November 4, 2019

Mexico | October inflation forecast:stable headline inflation & lower core in annual terms

We expect headline inflation to increase 0.51% MoM in October (2.99% YoY), with core coming in at 0.22% MoM (3.66% YoY).

November 1, 2019

Mexico | Remittances add 42-month streak with growth, increased 13.3% in September

Remittances accumulate an annual growth of 9.2% in the first 9 months of 2019, with an amount of 26,980 million USD. In September, unemployment rate in the US was 3.5%, the lowest rate observed in the last 50 years, since 1969. This condition drives the sending of remittances to Mexico.

October 31, 2019

Mexico | Monthly Report on Banking and the Financial System. October 2019

National Corporate Financing Survey (ENAFIN 2018). The International Monetary Fund (IMF) updates its Global Financial Stability Report. Real estate services grow 1.3% in the first half of 2019.

October 25, 2019

Mexico | Trend change in the annual growth rate of the components of bank deposits

The signal of change in the dynamics of the fundraising of the banking sector was confirmed in August. The beginning of the cycle of cuts by the central bank of the short-term interest rate influenced so that the term deposits grew to its lowest level in almost two years.

October 24, 2019

Mexico | Challenges and opportunities in the current context of greater protectionism

At the end of the Second World War a consensus was forged between the advanced economies of the world, led by the U.S., around the idea of seeking a world without barriers to trade in goods and services and capital flows. Thus, for decades, the United States adopted a policy of trade opening and promotion of global trade.