The Bank of Mexico on Wednesday said it is not wed to hiking interest rates in line with the U.S. Federal Reserve and will evaluate all available data to bring down inflation, Reuters reported. There has been much market speculation on whether Banxico, as the Mexican central bank is known, will follow in lockstep with the Fed as it embarks on what has become the sharpest round of U.S. rate hikes since the 1980s.

The former Mexican airline Interjet has been formally accepted into a domestic bankruptcy process by a district judge. Interjet will now be able to negotiate up to 40 billion pesos in debt (nearly US$2 billion) with its creditors, SimpleFlying.com reported. On Tuesday, a Mexican judge approved the airline Interjet formally entering a bankruptcy process. Interjet ceased operations in December 2020, after a years-long crisis fueled by the COVID-19 pandemic.

Creditors filed a lawsuit against Mexican multimedia conglomerate TV Azteca S.A.B. de C.V., controlled by business mogul Ricardo Salinas Pliego, after the company skipped out on payments to U.S. based investors for over a year while continuing to pay other debts in Mexico, WSJ Pro Bankruptcy reported.

Mexican consumer prices rose 0.42% during the first half of August, pushing annual headline inflation to 8.62%, both slightly ahead of market expectations, data from the national INEGI statistics agency showed on Wednesday, Reuters reported. The closely watched core price index, which strips out some volatile food and energy prices, climbed 0.49% in early August. Annual core inflation stood at 7.97%.

Unifin Financiera SAB drove about a fifth of trading in its own stock in the weeks before a collapse that sent shares and about $2.4 billion in bonds from Mexico’s biggest non-bank lender spiraling, Bloomberg News reported. A buyback fund from Unifin spent 12.9 million pesos ($640,00) to buy 800,776 shares from the end of June through Aug. 4, according to stock exchange filings. That’s 22% of the total volume over that period, data complied by Bloomberg show.

Mexican leasing firm Unifin will miss capital and interest payments on its debt because of limited sources of financing, the company said in a filing to Mexico's main stock exchange, Reuters reported. The decision is effective immediately "and through the period necessary to negotiate definitive agreements with (Unifin's) shareholders in relation to a strategic restructuring," it said in the filing late on Monday. Unifin shares plummeted in early trading on Tuesday, falling more than 65% to an historic low.

Mexico’s inflation accelerated broadly in line with analysts’ estimates in July to the fastest pace since early 2001, as the central bank is seen delivering a second straight 75 basis-point increase to its key interest rate this week, Bloomberg News reported. Consumer prices rose 8.15% last month compared to a year earlier, slightly faster than the 8.14% median estimate of economists surveyed by Bloomberg, the national statistics institute reported Tuesday. On a monthly basis, inflation slowed to 0.74% from 0.84% in July, versus economists’ median estimate of 0.73%.

Credit Suisse is not exposed to any large losses among lenders to embattled Mexican firm Credito Real, the Swiss bank said on Saturday, contradicting earlier media reports. Mexican newspaper El CEO citing documents said Credit Suisse is owed over $100 million by Credito Real, which has begun bankruptcy proceedings over $2.6 billion in debts. That is the largest debt Credito Real owes to a foreign bank, the newspaper reported. "Credit Suisse has no material exposure to the company in question," a spokesperson told Reuters on Saturday.

Credit Suisse is among the lenders owed the most money by embattled Mexican finance company Credito Real, which has begun bankruptcy proceedings for $2.6 billion in debts, Reuters reported. Private documents show that Credit Suisse is owed over $100 million by Credito Real, according to a report from Mexican business paper El CEO. That would be the largest debt Credito Real owes to a foreign bank, the report said. The news comes as media have reported that Credit Suisse was considering making sweeping cuts, and after Moodys rating agency downgraded the bank's unsecured debt ratings.