Mexico
Mexico's Ortiz to replace Roth as BIS chair
Guillermo Ortiz, the governor of the Bank of Mexico, is to succeed Jean-Pierre Roth, the head of the Swiss National Bank, as the chairman of the Bank for International Settlements (BIS). He becomes the first governor from an emerging-market economy to…
Mexican price spike compounds rate dilemma
Inflation jumped almost half a point in November to more than twice the Bank of Mexico's target adding to policymakers' woes ahead of the next rate decision slated for mid-January.
Mexico's Ortiz: incentives must change
A change in the basic system of incentives is needed to foster the expansion of the Mexican economy, said Guillermo Ortiz, the governor of the Bank of Mexico.
Mexico hints at cut on signs of slowdown
The Bank of Mexico kept rates on hold for the third straight month on Friday, but signalled it could soon cut.
US inflation not persistent
A new paper from the Bank of Mexico finds that in the post-second world war period United States inflation has not proven persistent.
Fed extends swaps to emerging markets, cuts to 1%
The Brazilian, Mexican, Korean and Singapore central banks on Wednesday became the latest to set up swap arrangements with the Federal Reserve to counter dollar liquidity fears.
Mexico's Ortiz to sit on IMF reform committee
Guillermo Ortiz, the governor of the Bank of Mexico, will be the only central bank representative on the International Monetary Fund's governance reform committee.
Mexico hikes again, but further moves unlikely
The Bank of Mexico raised rates for the third straight month on Friday but signalled that it would hold in the coming months in signs of a slump.
Mexican growth suffers as remittances slide
The Bank of Mexico has cut its growth estimate for this year on evidence that remittance payments from US-based migrant workers are falling.
Mexico looks to squeeze above-target inflation
The Bank of Mexico lifted rates for the second straight month on Friday in a bid to slow inflation which was risen to 5.26% as a result of surging oil and food prices.
Mexico shocks markets with rate rise
The Bank of Mexico opted to unexpectedly raise rates a quarter point and revise its projections for inflation upwards.
CLS adds peso and shekel to settlement fold
CLS bank announced that it will settle payment instructions in the Mexican peso and Israeli shekel this week, bringing the number of currencies processed by the bank to 17.
Mexico holds rates at 7.5%
The Bank of Mexico kept its benchmark one-day interbank rate at 7.5% for the sixth-straight month despite expectations that the US slowdown would impact Mexican growth.
Mexico holds rates at 7.5%
The Bank of Mexico's rate-setting board voted on Friday to keep rates at 7.5%.
Mexico holds rates at 7.5%
The Bank of Mexico's rate-setting board voted on Friday to hold its benchmark rate at 7.5%.
Colombia will benefit from free trade with US
Juan Mauricio Ramirez, a vice president of the Private Council of Competitiveness and a former head of the inflation and macroeconomic programming department at the Banco de la Republica, takes issue with Joseph Stiglitz's views on the proposed Free…
Mexico unexpectedly hikes rates to 7.5%
The Bank of Mexico decided on Friday to raise its benchmark rate by 25 basis points.
Bank of Mexico - Annual Report 2006
The Mexican economy grew by 4.8% in 2006, its highest rate of expansion since 2000.
World Bank to invest $5 billion in bonds for poor
The World Bank will set up a $5 billion fund to invest in bonds denominated in currencies of poor nations.
Mexico holds rates at 7.25%
The Bank of Mexico on Friday voted to keep its benchmark overnight lending rate at 7.25%.
Bank of Mexico chief pans welfare programmes
Guillermo Ortiz, governor of the Bank of Mexico, called for a reform of the country's labour laws and said that welfare programmes encouraged the poor not to take regular jobs.
Mexico ends dollar sales for three months
Mexico's central bank, Banco de Mexico, announced today that it will not sell dollars in the third quarter of 2007.
New Mexican deputy governor confirmed
Roberto del Cuerto has been approved by the Mexican congress to become one of the central bank's four deputy governors. He will fill a position on the bank's monetary policy board which has been vacant for some months.
Bank of Mexico keeps interest rate on hold
The Bank of Mexico, the country's central bank, held its overnight lending rate at 7.25% on 22 June, after a larger than expected fall in consumer prices in May.