ECONOMY AND STOCK MARKET IN MEXICO

The Bank of Mexico (Banxico) will cut the reference interest rate by 50 basis points to 5%, which would mean its lowest level since September 2016 and its ninth consecutive cut.

According to the Organization for Development and Economic Cooperation (OECD), Mexico's GDP will fall by 8.6% if there is a resurgence of Covid-19 and 7.5% if it is avoided. According to a press release, the agency said that this forecast is due to the blow received in the tourism sector, exports and the fall in oil prices, one of the...

Inflation in Mexico in May was below the forecast, reported Reuters on June 9. According to the report of the national statistics agency INEGI, annual inflation in May increased to 2.84% from the April indicator of 2.15%.

The federal government's announcement on the delivery and advancement of economic transfers already scheduled for this year 2020 on the occasion of Covid-19 has brought to the discussion table (again) whether the establishment of a Universal Basic Income (UBI) would be a generalized solution that would allow the entire population to be protected,...

The Mexican economy lost 700,000 formal jobs until April amid the uncertainty of the coronavirus crisis and "lack of confidence" derived from public policies, said this Tuesday a minute of the Board of Governors of the Bank of Mexico (Banxico).