Inflation has made the news once again in Mexico, as the purchasing power of the Mexican currency doubled the central bank’s inflation forecasts. The effects of the peso’s depreciation in 2015 and 2016 are being transmitted to consumer prices. Banxico responded to the normalization of the Fed’s monetary policy in December 2015 by increasing the Interbank Interest Rate. Since then, Banxico has increased the rate ten times, and has yet to lower inflation. Has the rate increase worked? Or has it been too modest?
Contents
- Economic Activity and Employment
- Unemployment
- Informal employment rate
- Trends in Economic Activity and Employment
- Monetary Aggregate growth
- Monetary Base
- Consumer Price Index
- Production Price Index
- Stock Market Index
- Trends in Inflation and Prices
- Business loans
- Credit to families
- Credit to the government
- Credit trends
- Gross domestic product (GDP)
- Cyclical sector demand
- Employment trends
- Qualitative Credit Composition
- Deficit-to-GDP and Debt-to-GDP
- Current Account Balance
- Exchange Rate
- Balance of Payments Trend
Authors
- Edgar Ortiz Romero
Edgar Ortiz has a degree in Law from the Francisco Marroquín University. He holds a master in Austrian Economics at the Rey Juan Carlos University in Madrid. He is the executive director of the Center of Economic and Social Studies (CEES). He is a professor of economics at the Francisco Marroquín University, and he is also an analyst on issues related to the situation at Canal Antigua. He works as an associate lawyer at Estudio Jurídico Rivera.
