Mexico
BIS to open office for the Americas in Mexico City
LATIN AMERICA - The Bank for International Settlements announced on Mar 30 that it is planning to establish a representative office for the Americas in Mexico City.
Mexico inflation views to dip on Feb data-Ortiz
When economists receive data on Mexican inflation for the month of February 2001 they will move to trim their forecast for the country's inflation for the full year 2001, the country's central bank chief said on Feb 21, 2001.
Mexico says 2000 GDP grew at robust 6.9 pct
Mexico's gross domestic product expanded by 6.9 percent during 2000, the fastest growth rate seen by Latin America's second-largest economy in nearly 20 years even with a year-end slowdown, the Finance Ministry said on Feb 15, 2001. The country's…
Banco de Mexico might halt forex reserves buildup
A Banco de Mexico official said on Jan. 31, 2001, the central bank was weighing the cost of continuing to accumulate foreign exchange reserves and was considering halting its monthly auction of dollar options. "We've got to seriously consider if we want…
Bank of Mexico confirms 6.5% 2001 inflation target
The Bank of Mexico said on Jan. 31, 2001, it has now fully adopted an inflation-targeting regime and abandoned its previous system of managing monetary aggregates. However, the central bank will continue to use the money market "short" as its main policy…
Mexico Ortiz sees 2001 inflation 6.5% despite VAT
Official Mexican inflation targets for 2001 won't be changed whatever the impact of a value-added tax to be imposed shortly on certain goods, central bank governor Guillermo Ortiz said Jan. 26, 2001. Mexico is to impose VAT on food and medicines by an…
Mexican cbank governor outlines monetary policy
The governor of the Bank of Mexico, Guillermo Ortiz Martinez, has submitted a preview of the Monetary Policy Programme for 2001 and has confirmed an aggressive tightening of the money supply by managing short-term benchmark interest rates and bank…
Banco de Mexico assigns $250 mln in put options
Banco de Mexico said on Dec 28 it placed all $250 million in dollar put options it had offered for January. The options had an average premium of 21.58 pesos per $1,000. The central bank said in a statement that there were four institutions that placed…
Mexico's Ortiz sees Dec CPI affected by US weather
Bank of Mexico Governor guillermo Ortiz warned Tuesday that December inflation will be higher than expected as key vegetable prices soared on the cold spell across the US.
Bank of Mexico sets out 2001 inflation goal
Bank of Mexico governor Guillermo Ortiz said on Thursday that the central bank was determined to slash inflation further next year and would keep a tight grip on monetary policy to achieve its goals.