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Bank of Mexico (Banxico)

Mexico keeps its inflation target at 3 per cent

The Bank of Mexico on Wednesday played down the prospects of direct intervention in the foreign exchange markets to support the peso, as it unveiled a monetary policy for this year that maintains its target of 3 per cent inflation for the year.

Mexico shows signs of end to recession

MEXICO - The Bank of Mexico on Tuesday raised its forecast for the country's gross domestic product growth this year to 1.8 per cent from 1.5 per cent, apparently confirming predictions that the economy is starting to follow the US out of recession.

Mexico - No rift with ctrl bk over power rate hike

MEXICO - There is "no rift at all" between the Mexican finance ministry and the central bank, following the government's decision to raise electricity prices, a move that Bank of Mexico Governor Guillermo Ortiz has dubbed inflationary, Finance Minister…

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