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Quarterly Economic Overview - 2015 Q2

The following is a reprint of Terra Nova's quarterly economic overview of Mexico, which was recently sent to our investors as part of their report for the second quarter of 2015.

Posted by: Patrick FearonCategory:Mexican Economy, Economic Growth, Economic Forecasts, Trade Balance and Exports, Unemployment, The Peso, Inflation, Monetary Policy, Fiscal Policy, Trade Policy, Regulatory Policy, Competitiveness, Retail Sales, Special Reports, Leave Comment

Central Bank Holds Rates at 3.00 Percent

In a decision on Thursday, policymakers at Banco de México held their benchmark interest rate at a record low of 3.00%, unchanged since the last rate cut in June 2014.  However, the policymakers continue to signal they will raise rates in response to a likely hike in U.S. interest rates in the coming months.

Posted by: Patrick FearonCategory:Mexican Economy, Monetary Policy, Leave Comment

Central Bank Holds Rates at 3.00 Percent

In a decision earlier this month, policymakers at Banco de México held their benchmark interest rate at a record low of 3.00%, precisely where it has been since the last rate cut in June 2014.  However, the policymakers said they remain prepared to raise interest rates if higher U.S. rates later this year lead to a weaker peso and higher inflation pressures.

Posted by: Patrick FearonCategory:Mexican Economy, Monetary Policy, Leave Comment

Central Bank Holds Rates at 3.00 Percent

In a decision last Friday, policymakers at Banco de México held their benchmark interest rate at a record-low of 3.00%, precisely where it has been since the last cut in June.  Nevertheless, the policymakers remain cautious ahead of a likely hike in U.S. rates, and they could hike the Mexican benchmark soon.

Posted by: Patrick FearonCategory:Mexican Economy, Monetary Policy, Leave Comment

Central Bank Holds Rates at 3.00 Percent

In a decision last Thursday, policymakers at Banco de México held their benchmark interest rate at a record-low 3.00%, right where it has been since the last cut in June.  However, the policymakers continued to signal that their next move would likely be to hike rates in response to higher interest rates in the United States.

Posted by: Patrick FearonCategory:Mexican Economy, Monetary Policy, Leave Comment

Central Bank Holds Rates at 3.00 Percent

Policymakers at Banco de México held their benchmark interest rate at a record-low 3.00%, unchanged since the last rate cut in June.  The policymakers may be falling behind the curve on the need for future interest rate hikes.

Posted by: Patrick FearonCategory:Mexican Economy, Monetary Policy, Leave Comment

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