Mexico’s Economy

The second half of the week has a couple of potential surprises. While it's true that all central banks are charting new territory, that's especially the case for the RBNZ and Banxico... But for widely different reasons. Given the…
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Mexico's central bank has cut interest rates 8 times since it started its current loosening cycle last year. It has now cut a total of 275 basis points. That's the second-fastest pace and largest cut of central banks in the world. But at…
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Mexico no longer has the highest interest rates in the world. But, that doesn't mean their central bank isn't still looking to ease further. Inflation hasn't picked up significantly since the Banxico embarked on its latest easing cycle.…
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The simple answer appears to be a near-universal, "yes". It seems that the only open question now is whether it will be a 25 basis point cut or a 50 pointer. Last week´s inflation report showed that it had slipped by a hair below the…
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It appears that Mexico's inflation is finally getting under control. But, at the same time, the economy is starting to sputter. So far it has only barely escaped a technical recession, with growth far from prior levels. But, the Central…
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Tomorrow we have what's likely to be the most important economic event for the Mexican peso this month: the central bank's interest rate decision. From the beginning of the year, economic data had been getting in the way of a rate cut…
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Closing out the week, we have some important data from Mexico that has the potential to move the markets. Typically there aren't revisions to GDP figures, but if we get a significant revision in the final number scheduled for publication…
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Tomorrow we have what could be one of the biggest events for the Mexican peso so far this year. Banxico must decide what to do with the interest rate. Mexico's central bank is between a rock and a hard place. Inflation is quite high, but…
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Later today we have some key data coming out of Mexico which could move the markets: CPI. This is the last chance at major data before next week's Banxico monetary policy decision. Since Banxico has been trying to deal with the high…
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After a pretty quiet week on the economic front in Mexico, time to get ready for macro data to start picking up. We'll be turning our attention to the Trade Balance, which is normally important for any currency. Given the trade situation…
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