Mexico
OECD names Mexican as secretary-general
The OECD named Mexican former Foreign Minister Angel Gurria as its next secretary-general on Friday 25 November, after he received backing from a majority of the organization's 30 member countries.
BIS's Knight on central bank independence
In the speech 'Central bank independence - what role does it play in shaping Mexico's economy?' given on 15 November Malcolm Knight of the BIS said discusses the role of the Banco de Mexico's legal and governance arrangements in Mexico's post-crisis…
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…
Jordan's interest rates on the move
The Central Bank of Jordan (CBJ) governor, Umayya Touqan, announced on Sunday 6 November that interest rates on repurchase agreements for a week would be raised by 25 basis points.
Banco de Mexico goes live with new software
OpenLink, a provider of trading and risk management software solutions, announced on Friday 30 September that Banco de Mexico, the second largest central bank in the Americas, has gone live with OpenLink's latest front-through-back- office, fully…
Mexico's financial regulator needs more autonomy
According to this article published on Monday 19 September, despite impressive progress more must be done if Mexico is to have a credible set of enforceable rules that assure economic stability.
Bank of Mexico holds interest rates steady
Mexico's central bank held monetary policy steady on Friday 12 August saying after its twice-monthly policy meeting it was keeping its money market "short" steady at 79 million pesos a day.
Mexico's Ortiz confirms break with Fed rates
The monetary policy of the Bank of Mexico has been decoupled from the Federal Reserve's interest rates, central bank governor Guillermo Ortiz Martinez said.
Bank of Mexico sets minimum loan rate
The central bank of Mexico has set a minimum overnight rate to banks for the first time since 1998, suggesting it may adopt an interest-rate targeting system similar to the Fed.
Mexico's central bank tightens monetary policy
The Bank of Mexico tightened monetary policy for the eighth time this year on Friday, raising local interest rates to counter increased inflation expectations.
IMF's Rato urges Mexican structural reforms
International Monetary Fund Director Rodrigo Rato urged Mexico on Monday to carry out structural reforms, saying reforms will provide an opportunity for growth.
Mexico's interest rates set to rise further
Mexico's central bank Deputy Governor Jesus Marcos Yacaman has said the country will continue to raise interest rates following seven increases this year, in order to bring down inflation.
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.
Mexico's Ortiz sees inflation falling
Central bank Governor Guillermo Ortiz said on Wednesday 27 October that he expects Mexico's annual inflation rate to start declining in the second quarter of 2005, and the Banco de Mexico remains committed to fighting rising prices.
Inflation falls within central bank target- Mexico
A modest rise in inflation in December took the annual rate to 3.98%, just under the central bank's target of a 2 to 4 per cent target range for 2003.
Interview with Mexico's Ortiz
Guillermo Ortiz, the governor of Mexico's central bank, has warned that the failure to introduce needed reforms will limit economic recover.
Mexico markets may fall on new tax plan - Ortiz
Mexico's central bank Governor Guillermo Ortiz said on Monday 15 December that a new tax proposal by the opposition could push Mexican financial markets lower, according to Reuters. "A new proposal is being formed and if this proposal contains negative…
Ortiz gets the nod for second term
Vicente Fox, Mexico's president, nominated Guillermo Ortiz for a second six-year term as governor of the central bank on Friday 5 December. Santiago Creel, the interior secretary, said at a news conference Friday that Ortiz's nomination had been formally…
Mexico awards software contract to ERAS
Mexico's central bank has awarded a contract to Miami-based bank software provider ERAS to drive a browser-based image clearing system for transmitting check items in Mexico, reports Business News Americas. The central bank's clearing arm CECOBAN will…
Bikers and bankers
G20 central bankers meeting in Mexico were in for a shock when they arrived at their hotel to find most of the rooms had been taken by a group of bikers. Rows of Harley Davidsons greeted them and the Financial Times reported that the G20 bankers were…
G20 positive on world economy as meeting ends
The Group of 20 Finance ministers and central bank governors meeting in Mexico were positive about the world economy on Monday 27 October. In an official statement, reported by the Financial Times, they said that "while risks remain, a global economic…
Guillermo Ortiz on financial reform
The governor of Mexico's central bank discusses the disappointing results of the "first-generation" reforms of the Washington consensus and emphasizes the importance of "second-generation reforms", concentrating on constructing the the right…
Mexico reserves rise to $51.980 bln in Aug 8 week
Mexico's international reserves rose $255 million between Aug. 1 and Aug. 8 the Banco de Mexico said on Tuesday 12 August, according to Reuters..
Second term for Mexico's Ortiz
Guillermo Ortiz, the governor of the Bank of Mexico, looks set to push on through to a second term when his current term expires at the end of this year. Ortiz has confirmed that Fox will nominate him to the senate, whose approval will be needed for…