Economy
Mexico
BMI View: Structural problems with Mexican state-level financing will keep investors wary of sovereign local debt over the next few months. While ample financing options at the federal...
2011-12-22Mexico
We forecast Mexico's current account deficit to widen slightly to US$7.6bn in 2012, from US$7.3bn in 2011, as the goods trade deficit and a widening services trade deficit are unlikely...
2011-12-13Mexico
As of November 23rd, the Mexican peso was trading at MXN13.95/US$, testing its short-term low of MXN14.10/US$ on the back of increased risk aversion in light of the US government's...
2011-11-24Mexico
BMI View: Mexico's remittances registered significant growth of 21.3% y-o-y in September, marking their largest increase of 2011. In the first 10 months of the year we have seen remittance...
2011-11-24Mexico
BMI View: Despite the recent sell-off of the peso to MXN$13.50/US$, Mexico's foreign reserve levels rose to US$136bn as of August this year. This level represents a 28% y-o-y increase,...
2011-09-30Mexico
The peso's sharp sell-off this month appears to have temporarily shaken the market's faith in an expected policy rate cut, though as the currency appreciates back toward MXN13.00/US$,...
2011-09-29Mexico
BMI View: We are now forecasting real GDP growth of 3.8% for Mexico in 2011, revised down from 4.1%, in response to slowing global growth which we believe will reverse nascent private...
2011-09-28Mexico
BMI View: We are forecasting Mexico's central bank (Banxico) to cut the policy rate by 50 basis points before year-end, from 4.5% to 4.0%, as their focus switches from inflation fighting...
2011-09-22
