Alonso Cervera

Mexico Grows Less Than Forecast Reinforcing Rate Cut Outlook

Mexico’s economy grew less than analysts expected in the first quarter, fueling bets policy makers will cut interest rates again this year.

Mexico Sees Lax Global Monetary Policies Helping Determine Rate

Mexico central bank Governor Agustin Carstens, who oversaw the first benchmark rate cut since 2009, said lax monetary policies in developed nations and slowing inflation will help determine future interest rate decisions.

Mexico Boom Obscures Harm Done to Small Firms by Drug Warfare

Victor Hugo Barragan saw sales plummet 40 percent in the first nine months of 2010 at his homemade-ice-cream shop in Guadalupe, Mexico . A grenade blast that injured 14 people in the town’s central square in October - - the first drug-trafficking attack on the general public ever in this Monterrey suburb -- made a bad year even worse.

Mexico Inflation Exceeds 4% as Banxico Signals Rates on Hold

Mexican inflation unexpectedly climbed above its target range as the central bank signaled it doesn’t plan to further cut borrowing costs to spur growth. The peso rallied.

Maradona-as-Central Banker Doubts Credit Suisse Rate Call

Barclays Plc says traders and banks led by Credit Suisse Group AG that are predicting interest-rate cuts in Mexico have misread the central bank’s intentions.

Mexico Plans to Cut Energy, Farm Price Weight in CPI Index

Mexico will reduce the weighting of energy and farm items in its inflation basket, according to a preliminary report by the national statistics institute, a move that could lower its consumer price index.

Mexico Prices Climb 0.68% in First Half of November

Mexico’s consumer prices rose more than expected in the first half of November as annual inflation quickened to within the central bank’s forecasts for the first time since the first quarter.

Credit Suisse Says Mexico Violence Hurts Economy, Peso

Mexico’s drug-related violence poses a “clear threat” to the economy and is likely hurting the country’s currency, Credit Suisse Group AG said in a report .

Mexican Peso Gains as Central Banker Says He’s Against Rate Cut

Mexico’s peso gained the most in three weeks after central bank board member Manuel Sanchez said he doesn’t see a case for cutting interest rates, damping speculation policy makers will reduce borrowing costs next week.

Chile Invoking Ghost of Friedman Kills CPI Linkers

Chile’s success in stamping out inflation is punishing investors in the nation’s $51.7 billion government bond market, where more than 70 percent of the outstanding debt is linked to consumer prices.

"It was reassuring to see central bank Governor Carstens express confidence that the inflation shock will prove temporary and that the central bank now expects even lower core inflation for the next several quarters."

- Alonso Cervera on May 08, 2013

Mexico

Latin America

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Chile

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