Gabriel Casillas, formerly chief Mexico economist for JPMorgan Chase & Co., took the job as top economist and head of research at Grupo Financiero Banorte SAB, he said in a phone interview from Mexico City.
The end of a decade-long boom driven by cheap money and strong commodity prices has deeply divided Latin America between fast-growth countries along the Pacific coast and stragglers on the Atlantic.
The world’s richest man is proving better at generating wealth for himself than the 1.1 million Mexican pensioners investing with him.
Mexico’s largest mortgage provider plans to offer home buyers fixed-rate loans for the first time, as the two-decade long inflationary hangover from the country’s Tequila Crisis fades.
Mexico’s tax increase package will drive up costs for everyone from spring-break revelers in Cancun to dog owners and junk-food eaters. It’s also ratcheting up bond traders’ inflation expectations.
"There's a lot of political pressure."
- Gabriel Casillas on Jul 08, 2014