Economy

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$,... 2011-09-29

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... 2011-09-28

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

BMI View: We now believe that Mexico will not experience fiscal consolidation until 2013 at the earliest, as growth slows and fiscal pressures build in the run-up to the 2012 presidential... 2011-09-13

We are revising down our end-2011 forecast for Mexico's current account on the back of a growing deficit in the country's income and service balances. While this revision does not... 2011-09-01

BMI View: Mexico's foreign reserve levels rose to US$129bn in June this year, a 27.6% y-o-y increase, taking import cover to a healthy 4.3 months according to our calculations. This... 2011-08-02

BMI View: Official unemployment in Mexico rose to 5.2% in May this year, up from 5.1% in April, a sign that the despite near record levels of manufacturing exports the domestic... 2011-07-05

We have been impressed by the performance of Mexican exports over the first five months of 2011, to the extent that we have now revised our end-2011 trade balance forecasts. With the... 2011-07-04

BMI View: We do not expect Mexico to reduce its public sector debt burden to pre-crisis lows for the duration of our 10-year forecast. This will lead to a gradual deterioration in... 2011-07-04

In line with our view, the Mexican central bank (Banxico) kept its benchmark rate unchanged at 4.50% at its May meeting