Banco de México

Banco de México latest publications

May 2, 2019

Mexico | Migration is a guiding principle for 2019-24; remittances total 36-month growth

The Government of Mexico presents the National Development Plan 2019-2024, with migration being one of its 12 guiding principles. The Plan seeks to prevent people from migrating due to lack of opportunities or insecurity. In March, 2,897md in remittances (+8.3%) entered Mexico, and in 2019Q1 they accumulated 7,699md (+7.1%)

April 24, 2019

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

The CESF reviews its balance of risks, highlighting the increase of foreign risk. The CNBV announces a new publication on financial inclusion. The economic slowdown and unchanged interest rate expectations are the main factors behind financial market movements.

March 1, 2019

Mexico | Government presents Migrant Protection Strategy, & remittances grow 6.5% in Jan.

The government presented a ten-point summary of its Migrant Protection Strategy for 2019–2024, which details: 1) a new vision focused on migrants' rights and 2) the expansion of the mobile consulate system to reach the most remote populations.

February 28, 2019

Mexico | Banxico’s monetary policy pause will be short-lived

We expect Banxico to cut rates two times this year, we do not rule out three rate cuts.

February 22, 2019

Economic Agenda 2019 Mexico - United States

This Agenda presents the diffusion calendar for 2019 of economic indicators and relevant monetary policy events of Mexico and the United States; dates of important events such as the meetings of various relevant international entities such as: World Economic Forum, World Bank and International Monetary Fund; electoral calen…

February 7, 2019

Banxico stays hawkish; a period of extended monetary policy pause the most likely scenario

Banxico did not soften its tone; likely to remain hawkish in the near-term. Banxico unlikely to soften its stance in the near-term but the wording tempered the ready-to-hike disposition of the previous statement. We continue to expect the next move in the monetary policy rate to be down, but not until later in the year.

February 6, 2019

Banxico to begin a period of an extended monetary policy pause

Fall in inflation along with lower risks takes further hikes in the near-term off the table. Balance of risks to inflation improved in the intermeeting period with the recent rally in the MXN combined with a larger-than-expected fall in inflation in the first half of January. We expect the next move in the monetary policy r…

February 1, 2019

Mexico | Remittances Set Historic Record for Third Consecutive Year with US$33,481 million

Of the remittances received by Mexico in 2018, 94.1% came from the U.S., 97.7% were sent by electronic means and 71.7% were disbursed in non-banking institutions. 7 states accounted for half of the remittances that arrived in the country: Michoacán (US$3,393 millon), Jalisco (3,288), Guanajuato (3,046), Mexico (1,903), Oaxa…