trending Market Intelligence /marketintelligence/en/news-insights/trending/rbwmj6yor1wxvwpclffkna2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Monetary policy meeting: Mexican central bank sees economic growth slowing in Q4

Mining Exploration Insights: Financing Falls To 8-Month Low In October

Taking Advantage of Issuance Trends in 2020

S&P Global Market Intelligence

Tower Values Rising On Run Up To 5G

Liberty Global: The Great Global Sell-Off


Monetary policy meeting: Mexican central bank sees economic growth slowing in Q4

According to the minutes from its latest monetary policy meeting, which were released Dec. 29, Mexico's central bank, Banco de México, expects a slowdown in economic growth in the fourth quarter compared to the previous quarter.

The Mexican economy showed a moderate recovery in the third quarter from the second quarter, driven by exports, manufacturing and private consumption, but key economic indicators show growth has slowed in recent months, the bank noted in its Dec. 15 meeting.

For example, in the period of October to November, sales of new cars fell compared to the previous three quarters, the bank said. In addition, gross fixed investment remained weak in the period of July to September, partly due to lower public spending on construction, Banxico noted.

During the meeting, the bank decided to hike its benchmark interest rate by 50 basis points to 5.75% citing inflationary pressures, the potential impact of U.S. trade policies on the Mexican economy, and the U.S. Fed's decision to raise its benchmark rate.