Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexico’s Central Bank Expected to Hold Rates – Watches Weak Peso

Nineteen of 20 analysts polled by Reuters expect the Banco de Mexico to hold its benchmark rate at 3 percent in its first policy decision statement at 1 p.m. local time (1900 GMT) on Thursday instead of the previous release time on Friday morning.

Annual inflation slowed sharply in early January to just above 3 percent after running above the central bank's 4 percent ceiling for acceptable price gains last year.

The drop in inflation, combined with slack Mexican growth data this week and a flood of liquidity from the European Central Bank last week, pushed economists at . . .

Read Full Story

Related Posts

morning coffee news

Puerto Vallarta Morning Coffee News for Thursday, March 26

Water service, traffic detours, beach caution, health services and March-end deadlines shape what Puerto Vallarta...

Puerto Vallarta beaches on alert as mar de fondo builds

Puerto Vallarta warned of rough surf on March 25 as mar de fondo raised wave...
Why 250 kilos of seafood were held in Puerto Vallarta

Why 250 kilos of seafood were held in Puerto Vallarta

Navy personnel and Conapesca held 250 kilos of seafood in a Puerto Vallarta market after...

Canadian man found dead inside Puerto Vallarta condo

Police and forensic personnel responded after a Canadian man was found dead in an Emiliano...