Bank of Mexico (Banxico)

Basel-based CPSS broadens membership

Central banks of Australia, Brazil, China, India, Mexico, Russia, Saudi Arabia, South Africa and South Korea to join the Committee on Payment and Settlement Systems (CPSS)

Mexico may tap Fed, IMF credit lines

Felipe Calderon, Mexico's president, said on Tuesday that the country was eligible to take a $40 billion credit line with the International Monetary Fund (IMF) as speculation mounted that the Bank of Mexico would soon use its $30 billion arrangement with…

Mexico's Ortiz: crisis demanded FX strategy shift

The Bank of Mexico had to directly intervene in foreign-exchange markets for the first time for more than a decade earlier this month because of the severity of the impact of the crisis on currency trading, Guillermo Ortiz, the governor of the Bank of…

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…

Greenspan praises labor flexibility

In a speech prepared for the Bank of Mexico's 80th Anniversary International Conference in Mexico City, departing US Federal Reserve president Alan Greenspan argued that policymakers can promote economic stability by enabling a flexible economic…

Mexico on an upswing

Mexico’s inflation has come down and the economy has recovered sharply, but can the central bank keep up the good work? Benedict Mander reports.

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