Bank of Mexico

Banxico takes its interest rate to a historical maximum of 8.5%

In order to contain inflation, the Bank of Mexico unanimously raises its reference interest rate by 75 basis points, leaving it at 8.5%, a record level.

These will be the effects of inflation, warns Jonathan Heath, deputy governor of Banxico

The rise in prices affects those with fewer resources more, while high-income families have instruments to protect themselves, says Banxico's deputy governor in an interview.

Last Minute: Banxico announces a new 20-peso commemorative coin

The 12-sided coin commemorates 100 years since the arrival of the Mennonites in Mexico.

Last Minute: Banxico announces a new 20-peso commemorative coin

The 12-sided coin commemorates 100 years since the arrival of the Mennonites in Mexico.

Inflation and the risks of overmedicating

Now that there is apparently a consensus to increase rates and do so significantly, the risk to avoid is to overmedicate ourselves, points out Sergio Luna.

Now stop it: Banxico confirms that scratched bills DO lose their value

The Bank of Mexico detailed that there are three legends with which the bills could not be accepted in commercial transactions.

Banxico will act if inflation is not reduced to around 5%, says Jonathan Heath

The deputy governor of Banxico says that high levels of inflation were to be expected with Mexico's economic recovery after the COVID crisis.

Banxico goes against the tide in its opposition to cryptocurrencies

The Central Bank, like most regulators in the countries, opposes the use of bitcoin and so-called stablecoins. At the same time, more and more financial institutions accept them.

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