Mexico
Bank of Mexico implements third rate cut of easing cycle
Divided board decides to lower key rate by 25bp to 7.5%; two board members voted for a 50bp cut
IMF praises Bank of Mexico for not intervening in forex market
Peso strengthens against regional peers following lack of intervention from central bank
Cash increasingly used as store of value – BIS report
Cash “still king”, BIS authors say, but electronic payments are taking a bigger share of transactions
Inflation in Mexico falls to target for first time since 2016
Minutes say officials acknowledge price increases are falling faster than previously anticipated
Bank of Mexico launches mobile payments platform
CoDi offers instant payments between individuals and companies, and aims to promote competition and financial inclusion
Bank of Mexico makes further rate cut
In August, the central bank made it first rate cut for five years
Bank of Mexico’s board disagreed on last rate cut – minutes
One board member opposed recent 25bp rate cut due to high inflation and uncertain fiscal outlook
BIS paper studies spread of global currency trading
Authors examine “patterns of diffusion” to understand rise of the renminbi
Latin America’s escape from hyperinflation
Adoption of inflation targeting, flexible exchange rates and prudent fiscal policies has ended decades of runaway inflation
Mexico cuts rates for first time in five years
Economy has had weakest first-half growth in six years, Dallas Fed reports
Mexican president pressures central bank to focus on growth
Bank of Mexico should cut interest rates “to kickstart the economy”, says Andrés Manuel López Obrador
People: Tombini to head BIS Americas office
Former Brazilian governor to implement new banking strategy; plus appointments in Europe
Mexican peso falls on finance minister resignation
Crisis complicates inflation outlook and fuels fear of political interference in independent institutions
Bank of Mexico holds rates amid growth fears
“High degree” of uncertainty over inflation as trade tensions with US persist
Book notes: Why not default?, by Jerome Roos
Thought-provoking book that will repay investment of any reader with an interest in sovereign debt
Video Q&A: Richard Gilmartin, Wellington Management
Central Banking met with Richard Gilmartin, product manager, fixed income at Wellington Management, following his presentation at the National Asset Liability Management Conference in Mexico City about the opportunities for reserve managers to consider…
Mexican currency under pressure over ratings downgrades
Fate of the sovereign is increasingly linked to struggling oil company Pemex
Climate change – Where can central banks contribute?
Climate change is becoming increasingly important to central banks thanks to its implications for financial stability. In a forum sponsored by Amundi, Central Banking convened a panel of experts to discuss the latest innovations, regulations and…
Can central bankers turn finance green?
The Network for Greening the Financial System aims to bring about fundamental change. The central bankers who created it made a strong start but face serious challenges.
Central banks must break with short-term political cycles – Díaz de León
Mexican governor stresses independence and long-term objectives can help tackle populism
The IFF China Report 2019
Insight and perspectives from the world's leaders, premier policy-makers and financiers
The IFF China Report 2019: Redesigning the international trading and monetary system
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
Informal sector changes inflation dynamics – BIS paper
Informality dampens impact of some shocks but also impairs policy transmission, authors find
Mexico keeps rates at 10-year high despite global slowdown
Above-target inflation is the main focus for the Bank of Mexico