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 Americas Program, a fiscally sponsored program of the Center for Economic and Policy Research (CEPR), is written by Laura Carlsen. I monitor and analyze international press on Mexico, with a focus on security, immigration, human rights and social movements for peace and justice, from a feminist perspective. And sometimes I simply muse.
Showing posts with label Mexico GDP. Show all posts
Showing posts with label Mexico GDP. Show all posts
Sep 23, 2015
Mexico’s Four Economies Reflect Regional Differences, Challenges
Federal Reserve Bank of Dallas: Mexico is a country of contrasts, its geography varying from deserts to jungles, mountains to beaches. Such differences extend to the economic characteristics of Mexico’s four regions: the manufacturing north, the agrarian north-central, the service-based central and the energy-producing south (Chart 1).
Such economic specialization has contributed to significantly different levels of development—evident in persistent and often worsening disparities in standards of living. Read more.
Subscribe to:
Posts (Atom)