Financial Times: Economic theory would suggest that you do not hike interest rates when inflation is at a record low. But that is precisely what Mexico is poised to do this week.
The Bank of Mexico, known as Banxico, faces the prospect of having to raise its historically low 3 per cent benchmark rate at a time when inflation has been setting record lows for each of the past seven months and when GDP growth, while the envy of many at 2.6 per cent, remains far below expectations.
The MexicoBlog of the CIP Americas Program monitors and analyzes international press on Mexico with a focus on the US-backed War on Drugs in Mexico and the struggle in Mexico to strengthen the rule of law, justice and protection of human rights. Relevant political developments in both countries are also covered.
Showing posts with label oil price. Show all posts
Showing posts with label oil price. Show all posts
Dec 17, 2014
Oil price falls to lowest level in five years
BBC World: Oil prices fell to the lowest price of the last five years.
According to the reference, a barrel of Brent, the price is below $ 60 a barrel for the first time since July 2009.
Analysts say the slowdown in emerging economies has affected the demand in a time when supplies have increased.
The oil price has almost halved since hitting in June the maximum price of $ 115 per barrel.
Translation: Americas Program
Subscribe to:
Posts (Atom)