Faced with the highest inflation in more than 20 years, the Bank of Mexico continues to raise the interest rate. On Thursday, the central bank's Governing Council voted unanimously for a hike of 75 basis points, bringing it to 9.25%. This is the highest level since Mexico began its current monetary policy in 2008.
The decision of the bank headed by Victoria Rodríguez Ceja follows that of the Federal Reserve in the United States, which also raised its rate by 75 basis points this month. Banxico, as the Bank of Mexico is known, has . . .
Login to Continue reading, or subscribe below...
As a premium subscriber to our independent news site, for as low as .10 cents per day, you'll unlock full news coverage of the events that shape our city, exclusive interviews with local influencers, and in-depth reports that get to the heart of Puerto Vallarta's unique challenges and triumphs, while also learning more about news throughout Mexico that makes a difference. Subscribers also read the news without advertising in articles. Help us sustain the future of independent journalism in Puerto Vallarta. Subscribe today and become an essential part of the conversation. Your city. Your news. Your voice.
Trending News on PVDN
Missing LGBTIQ Activist, Rubén Michel Castro Guízar, Found Dead in Puerto Vallarta Puerto Vallarta (PVDN) - A tragic ending to a mysterious disappearance, Rubén Michel Castro Guízar, a notable figure within the LGBTIQ and deaf communities of Puerto Vallarta, was found deceased on Monday. The grim discovery was made ten days after the 32-year-old's sudden disappearance following his participation in a local pride march. The deaf activist,…
The Connection Between the Jalisco Cartel, Missing Employees at Call Center, 45 Bags of Body Parts, Timeshare Scams, and American Tourists PUERTO VALLARTA (PVDN) - More than a week after the initial disappearance of eight young workers at a call center in Zapopan, Jalisco, the case continues to be shrouded in mystery, leaving families distraught and demanding answers. The Jalisco Prosecutor's Office has made little progress in the investigation, according to the relatives of the missing…
Investigation Launched into Alleged Bar Brawl Homicide in Puerto Vallarta PUERTO VALLARTA - An investigation has been initiated following the discovery of a lifeless body in the Ramblases neighborhood of Puerto Vallarta, marking a grim turn of events in the city known for its vibrant tourism scene. The deceased, identified as David Omar Bravo Velazco, 33, was found in the bathroom of a residence located…
Popocatépetl Volcano Activity Continues; June 5, 2023 Monitoring Update PUERTO VALLARTA (PVDN) - In the latest updates from the monitoring systems of the Popocatépetl volcano, 108 exhalations were recorded in the last 24 hours, accompanied by water vapor, volcanic gases, and minor quantities of ash. The monitoring systems also registered 51 minutes of tremor segments, ranging from low to moderate amplitude and high frequency.…- Eight Call Center Employees Suspected in Cartel Scam Targeting Americans Confirmed Dead Eight young employees of a call center in Mexico were confirmed dead Tuesday, victims of a violent drug cartel involved in a real estate scam targeting Americans. The tragic news comes following reports from family members who had reported the youths missing after failing to return from work. A Grisly Discovery and the Unmasking of…
Massive Infrastructure Rehabilitation Underway in Puerto Vallarta PUERTO VALLARTA (PVDN) - The municipal government of Puerto Vallarta is making strides toward bettering the infrastructure of the city. Focused efforts on the rehabilitation of streets, rural roads, and the cleanup of ditches, grates, and sewers are enhancing the quality of life for Vallarta's residents. Crews from the Public Works Directorate have been actively…
Shocking Case of Animal Abuse in Mexico: Man Throws Dog into Boiling Fry Oil PUERTO VALLARTA (PVDN) - A disturbing incident of animal abuse has sent shockwaves throughout Mexico, as a man allegedly threw a dog into a pot of boiling oil, resulting in the animal's tragic death. Authorities have detained the suspect for the assault on the dog and have issued an additional arrest warrant on charges of…
“Salud”: A New Bronze Sculpture Enriches Puerto Vallarta’s Iconic Malecón II PUERTO VALLARTA - This Monday marked the unveiling of a new bronze sculpture titled "Salud" in one of Puerto Vallarta's most visited tourist areas, the Malecón II. The statue, donated by American artist and local resident James Michel Demetro, is the latest addition to his series of artworks donated to the city. Demetro's previous contributions…
Buried Body Found Near Home of Man Who Went Missing at Puerto Vallarta Pride PUERTO VALLARTA - This Monday morning, a gruesome discovery of a half-buried body was made on a property located adjacent to the home of Ruben Michel, a young man who has been missing since May 25. Michel, a deaf-mute member of the LGBTQ+ community, vanished following the Vallarta Pride event. Municipal Police were alerted to…
Volaris Maintains Regular Operations in Puerto Vallarta Despite Strike Threat PUERTO VALLARTA - Amid threats of a work stoppage by Volaris employees early this Monday, operations at the Puerto Vallarta International Airport have continued as usual, as reported by the Grupo Aeroportuario del Pacífico (GAP). According to official statements from the airline, as of 9:00 a.m. on Monday, June 5, Volaris has operated 77 flights…
