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Banxico Cuts Interest Rate to 11%, First Since February 2021
By MBN Staff - Fri, 03/22/2024 - 10:52
Banxico lowered the interest rate by 25 basis points to 11%, marking the first reduction since early 2021.
https://mexicobusiness.news/tag/interest-rates
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Fitch Ratings Adjusts Mexico’s 2024 Growth Forecast to 2.2%
By Mariana Allende - Thu, 03/14/2024 - 13:46
Credit rating firm Fitch Ratings has revised its growth forecast for Mexico in 2024 from 2.4% to 2.2% due to reduced investment
InDrive Launches Loans, Credit Cards for Drivers in Mexico
By MBN Staff - Fri, 03/01/2024 - 15:02
InDrive has partnered with R2, Mastercard, Giro, and Galileo to offer loans and credit cards to its drivers in Mexico.
Mexico, US Optimistic Amid Global Economic Woes
By Mariana Allende - Wed, 02/21/2024 - 09:00
Despite European and Asian countries declaring recession, Mexico and the United States remain optimistic amid an economic slowdown.
CEMEX Issues Sustainability-Linked Bonds
By Perla Velasco - Tue, 02/20/2024 - 09:17
CEMEX issued MX$5.5 billion in long-term sustainability-linked bonds amid a resilient bond market, favorable for emerging economies.
SAT Collects MX$4.52T in 2023: The Week in Finance
By Mariana Allende - Thu, 01/25/2024 - 10:00
Goldman Sachs shows optimism on the global economy, Mexico's SAT collects MX$4.52 trillion, Banorte sees 13% profit surge. More this week in finance!
Goldman Sachs Optimistic Despite Inflation Fears
By Mariana Allende - Tue, 01/23/2024 - 15:14
Goldman Sachs remains optimistic despite concerns about inflation, while experts raise questions about the disinflation trend in 2023.
Fed to Lower Interest Rates Due to Market Pressure
By MBN Staff - Mon, 01/22/2024 - 09:47
Market “tantrums” are expected to put pressure on the Fed to lower interest rates during the first quarter of the year.
Mexico Issues Sustainability Bonds
By Perla Velasco - Fri, 01/19/2024 - 11:57
The Deputy Minister of Finance announced that Mexico carried out the “largest-ever” placement of sustainable bonds in euros for €2 billion.
Bond Market Reaches Decade High in 2023
By Perla Velasco - Fri, 01/12/2024 - 09:18
The Mexican Stock Exchange (BMV) reached a decade-high financing amount in 2023.