The Central Bank’s Next Move

MEXICO - Report 10 Dec 2013 by Mauricio Gonzalez and Ernesto Cervera
Executive Summary Mexico’s monetary authority decided last week to leave its TIIE interbank lending rate at 3.5%. Banco de México said it based its decision on the idea that inflation would remain near 3.5% for the balance of the current year and throughout 2014, and then trend lower until intersecting with the bank’s long-held target of 3%. Those estimates assume that the added inflation pressures the new fiscal policy measures will exert next year will quickly dissipate, and that the pace at which fuel prices are being brought in line with those of the international market through regular...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.