Economy & Finance
Bloomberg - Mexico’s economy grew less than analysts expected in the first quarter, fueling bets policy makers will cut interest rates again this year. Gross domestic product in the first three months of the year rose 0.8 percent from the year-ago period.
Bloomberg - A Mexican law to boost competition in telecom and media gained approval from a majority of state legislatures, surmounting its final hurdle for passage. “It’s a historic day for Mexico,” Jose Ignacio Peralta, deputy communications minister, said.
Bloomberg - Mexican central bank policymakers, who cut the benchmark rate this year for the first time since 2009, said they will take into account the lax monetary policies being carried out in other countries in future decisions.
Financial Times - Mexico’s centrist government announced it would send a financial reform bill to Congress that seeks to boost economic growth by making it easier and cheaper for companies to access credit.
Reuters - Mexico's central bank governor Agustin Carstens said Latin America's No. 2 economy was witnessing significant capital inflows despite a March interest rate cut. The bank cut the benchmark rate by 50 basis points to a record low of 4 percent in March.
Smart Planet - Mexico has been enjoying a buzz of investor optimism. All of this hubbub has helped steer the country’s narrative from drug violence to economic opportunity. Yet Mexico has failed to live up to its full potential before. So what’s changed?
Reuters - Recent Mexican price shocks are transitory, expectations are well anchored and inflation should fall below 4 percent relatively quickly, Mexico's Central Bank Governor Agustin Carstens said on Tuesday.
Excelsior - The political parties negotiating the Mexico Pact have agreed upon a measure that would prohibit the electoral use of public resources, which is prompting further dialogue between the federal government and opposition political parties.
Sentido Comun - International reserves last week reached a new record of $168.14 billion dollars after a $1.009 million increase over the previous week. The increase was primarily due to the sale of dollars by Pemex to the Bank of Mexico.
Reuters - Tax breaks for attending “civic values” courses, tax-free sales of second-hand furniture, special treatment for call centres and an informal economy employing six out of 10 workers are all in the line of fire as Mexico prepares a long-awaited tax overhaul.