Mexico's headline inflation rose in line with expectations in the first half of June, reinforcing expectations that the central bank should continue to steadily bring down interest rates in Latin America's second-largest economy, Reuters reported. Mexican consumer prices rose 0.10% during the first half of June, data from the national statistics agency showed on Tuesday, in line with the 0.11% increase projected by economists in a Reuters poll. The closely watched core price index, which strips out some volatile food and energy prices, climbed 0.22% in early June compared to the prior month.
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President Trump is breathing life into a $10 billion project to alleviate congestion at the country’s busiest border crossing for trade between the U.S. and Mexico, the Wall Street Journal reported. Trump this month issued a presidential permit to Austin, Texas-based Green Corridors to build an 165-mile elevated “guideway” for self-driving shuttles to haul freight between Laredo, Texas, and Monterrey, Mexico.
Mexico's central bank may pause cuts to its benchmark interest rate in the face of an inflationary rebound, deputy governor Jonathan Heath said in an interview with local newspaper El Economista published on Wednesday, Reuters reported. Mexico's annual inflation rate accelerated in May and exceeded the upper-end of the central bank's target range of 3% plus or minus one percentage point. "We expect this small rebound to be temporary and inflation to resume its downward trajectory in the coming months", Heath said.
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The Bank of Mexico lowered its economic growth estimates for this year and next, citing uncertainty about the impact of U.S. import tariffs and weakness in domestic consumption and investment, the Wall Street Journal reported. In its quarterly report, the central bank said it expects Mexico’s gross domestic product to grow 0.1% this year, down from it’s previous estimate of 0.6%. The forecast ranges from a contraction of 0.5% to an expansion of 0.7%. For 2026, the bank cut its growth forecast to 0.9% from 1.8% previously.
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Mexican officials on Monday laid out a plan to keep the nation on the path toward growth after narrowly avoiding a technical recession in the first quarter, Reuters reported. The nation's annual gross domestic product could tick up 0.7 percentage points if the plan goes into effect, Finance Minister Edgar Amador said, speaking alongside President Claudia Sheinbaum at her morning press conference.
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Mexico’s economy posted a slight expansion in the first quarter, allowing President Claudia Sheinbaum to avoid recession as she steers the nation through an unpredictable US tariff policy, Bloomberg News reported. Gross domestic product grew 0.2% in the three months through March, above the 0.1% median estimate of economists surveyed by Bloomberg, after a 0.6% decline in the prior quarter. From a year before, GDP expanded 0.8%, higher than the 0.7% median estimate, according to preliminary data published Wednesday by the national statistics institute.
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Mexican lender Banorte will again consider a potential purchase of Banamex, Citi's one-time retail unit in the country which it split off last year, Banorte's CEO told analysts on Wednesday, Reuters reported. "There are a lot of moving pieces," CEO Marcos Ramirez said. "So we will watch closely what's going on and propose." Banorte had previously bowed out of the competition for Banamex in 2022, though Citi was ultimately unable to find a buyer for the unit.
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Mexico’s President Claudia Sheinbaum said there’s no agreement yet with her US counterpart Donald Trump after the two spoke last week about lifting US tariffs, Bloomberg News reported. The Mexican head of state said on Monday that they had discussed an existing 25% tariff on imported vehicles and an equivalent one on steel and aluminum. “We didn’t reach an agreement but we did establish our arguments. In the case of steel and aluminum, we established that we have a deficit.
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Most of the Bank of Mexico's five governing board members agreed that the risks associated with U.S. President Donald Trump's tariffs will add uncertainty to the future path of inflation, minutes of its March 27 monetary policy decision showed on Thursday, Reuters reported. Inflation forecasts remain uncertain, the board members noted in the minutes, adding that although the balance of risks for the trajectory of inflation remains biased to the upside, it has improved. "The changes in economic policy by the new U.S. administration have added uncertainty to the forecasts," the minutes noted.
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The largest aquatic theme park operator in Latin America, The Dolphin Company, has filed bankruptcy in the US to restructure its debt and address what it described as financial challenges, Bloomberg News reported. The Cancun, Mexico-based company, whose properties include Dolphin Discovery habitats and the Selva Magica theme park in Guadalajara, Mexico, sought court protection on Monday in Delaware, listing assets and liabilities each of more than $100 million.
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