Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

Banxico Anticipate High Interest Rates

Financial institutions anticipate that the interest rate will be at 6.25 percent

Banxico president Agustín Carstens officially resigns his post on December, 2016, to go into effect July 1, 2017, photo: Cuartoscuro/Isaac Esquivel
By The News Whatsapp Twitter Facebook Share
5 months ago

Due to inflation because of higher energy prices and a rise in fuel imports, Mexico’s Central Bank (Banxico) will increase the local interest rate by 50 points next Thursday. Financial institutions anticipate that the interest rate will be at 6.25 percent.

According to Citibanamex, Banxico could act aggressively with an increase of half a percentage point due to the uncertainty in certain financial variables of the country. However, it also acknowledged that due to a sudden change — such as the falling dollar — it also could not rule out an increase.

On the other hand, Finamex Casa de Bolsa, considered the rise of 50 points necessary, as it could prevent a greater increase in the price of gasoline.

Similarly, Santander estimated that Banxico will raise the interest rate to 6.25 percent in response to the rapidly deteriorating expectations of inflation, the effects of rising energy prices, as well as the high level of uncertainty regarding the relationship between Mexico and the United States.

Comments Whatsapp Twitter Facebook Share
More From The News
World

UK Palace Releases Prince George's 4th B ...

2 hours ago
Mexico

Mexico Murders up with Deadliest Month i ...

4 hours ago
Sports

Ledecky Prepares for Another Big Week at ...

18 hours ago
World

Sand Sculpting Fest Draws Artists From A ...

18 hours ago
Most Popular

Mexico Announces New Laptop, Tablet Secu ...

By The Associated Press
Mexico

Mexico City Sees Drug-War-Style Violence ...

By The Associated Press
Mexico

Possible Melted Fuel Seen for First Time ...

By The Associated Press
World

UAEM to Open More Schools in Outmost Reg ...

By The News
Mexico

Exhumation of Dalí's Remains Finds his M ...

By The Associated Press
World