On Thursday, March 21, the Bank of Mexico (Banxico) announced a key interest rate cut, its first in three years. This decision comes as the country experiences a deflationary phase yet faces persistent inflation risks. The Governing Board, consisting of five members, agreed to lower the overnight interbank interest rate by 25 basis points to […]
Related Posts
Venezuela and Russia to expand economic cooperation
Venezuela and Russia are planning to bolster their economic relationship, according to Caracas Mayor Carmen Meléndez. She shared this following her meeting with the head of Moscow’s Department of Foreign Economic and International Relations, Serguéi Cheriómin. The goal is to fortify alliances between the two nations in the economic sector. During their visit to Moscow, […]
Oil Tumbles as Strong Dollar and Interest Rates Bite
On a surprising day in the financial markets, May 29, oil prices initially climbed, riding the momentum from earlier gains. However, the tides turned by the day’s end, with prices taking a dip as the U.S. dollar gained strength. This intriguing fluctuation came just as the world was eyeing an important OPEC+ meeting, sparking speculation […]