Mexico
Mexico on track for 3% inflation in 2003 - c bank
The governor of Mexico's central bank, Guillermo Ortiz, is reported by Reuters to have said that the trend in inflation for the first two weeks of June suggests the country is going to be in the range of its targets for this year.
Banco de Mexico sues over loans
The central bank of Mexico announced on Monday 16 June that it had sued four of the country's largest banks to release information related to bad loans during the mid-1990s peso crisis, according to Reuters.
Fed and Bank of Mexico announce clearing system
The Federal Reserve and the Banco de Mexico on Tuesday 10 June announced a new clearing-house system that will lower transaction costs for banks handling an estimated $200bn in commercial payments and remittances each year, according to a report in the…
Interview with Mexico's deputy governor
Jesus Marcos Yacaman, deputy governor of the Mexican central bank considers the bank's current policy stance and the outlook for the peso in an interview with Bloomberg.
C bank chief - Mexico will meet inflation target
The governor of Mexico's central bank, Guillermo Ortiz, has said the country's 3 percent inflation target for this year is be met within a 1 percent range either side, according to Bloomberg News
Bank of Mexico - Annual Report 2001
The Bank of Mexico has published its Annual Report for the year ended 2001.
Mexico redesigns currencies to help blind people
The Bank of Mexico intends to make alterations to its bank notes to help the blind and visually impaired distinguish them by making them identifiable by touch.
Mexico to auction $32 m per day in reserves
The Bank of Mexico intends to sell part of its reserves each day for the next three months in a move designed to stem the growth of its international reserves, according to a report by Reuters.
Mexico's central bank net reserves, assets rise
The Bank of Mexico's reserves have risen just over $0.15 billion since the start of April, the bank said on Tuesday 15 April, according to Reuters.
Mexico c bank keeps monetary policy unchanged
The Banco de Mexico maintained its current monetary policy stance at its meeting on Friday April 11, Reuters reports. The annual inflation rate at the end of March was 5.64 percent, exceeding the central bank's goal of 3.0 percent.
Mexico tightens monetary policy
Mexico's central bank tightened monetary policy on Friday March 28, according to a report in the Financial Times. The bank does not change interest rates but uses a mechanism known as the "corto" which limits the amount of liquidity available to the…
Bank of Mexico in paintings mix up with government
CentralBankNet hears of an unfortunate mix up involving valuable paintings, the Bank of Mexico and an apparent infringement of copyright on the central banks fine art collection.
Mexico central bank net assets fall, reserves rise
Mexico's central bank reported increased reserves but also announced a decline in its net assets due to factors including expenditures from federal government operations of $624 million.
Japanese MOF Press Release, 27 Feb
PRESS RELEASE - Statement of G-7 Finance Ministers and Central Bank Governors, 27 February.
Mexico cen bank sees inflation expectations ease
After a tightening of monetary policy Mexico's central bank has said inflation expectations have eased. The easing was sought before various wage bargaining negotiations began.
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.
Dodge on Staying the Course
SPEECH - In the speech 'Staying the Course' David Dodge of the Bank of Canada said the current uncertainties will dissipate, and stronger growth will resume, provided we continue to pursue sound macro, trade, and structural policies. What is important is…
Mexico central bank tightens monetary policy
Mexico's central bank tightened monetary policy to curb mounting inflationary pressures on Friday by increasing the amount of cash it holds back from the secondary money market.
Duisenberg at the Banco de Mexico conference
SPEECH - In a speech to the 2nd international conference organised by the Banco de Mexico made on 12 November, Wim Duisenberg of the European Central Bank said over recent months, a high degree of uncertainty - stemming mainly from developments in stock…
Greenspan on The Wealth of Nations Revisited
SPEECH - In the speech 'The Wealth of Nations Revisited' made on 12 November, Alan Greenspan of the Federal Reserve said Adam Smith's idea of the 'invisible hand' whereby economic decisions that benefit an individual benefit society as a whole indirectly…
Bienvenidos Sr Greenspan
ARTICLE - Ever so briefly yesterday, the capital of the world financial system moved to Mexico City. Alan Greenspan, Andrew Crockett, Wim Duisenberg and a bevy of other central bankers were all in town for a seminar on macroeconomic stability organised…
War cloud hangs over global economy recovery in 03
MEXICO - The global economy is set for recovery next year, once uncertainties surrounding the possibility of a war on Iraq are resolved, the head of the Bank of International Settlements said on Monday.
BOK Governor Park to attend BIS meeting
KOREA - Bank of Korea (BOK) Governor Park Seung is leaving for Mexico today to attend the Bank for International Settlements (BIS) governors meeting scheduled for 10-12 November in Mexico City, the central bank announced yesterday.
Mexico holds firm on inflation targets
MEXICO - Mexico's Central Bank president held firm on the country's inflation targets for this year and next, even as expectations of higher inflation and diminished growth mount.