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Anthony Esposito

Surprise rate cut in Mexico 'no use' for growth in short term

16 Aug 2019

MEXICO CITY The Mexican central bank's surprise interest rate cut on Thursday is likely to have a limited impact at best on lifting growth this year after the sluggish economy narrowly avoided recession in the first half of 2019, analysts say.

Core inflation a stiff 'challenge' in Mexico -central bank governor

16 Aug 2019

MEXICO CITY Reducing Mexico's stubborn core inflation, running at 3.8 percent, is a challenge for the central bank, its governor told Reuters on Thursday, after it cut its key lending rate for the first time since June 2014.

Mexico's central bank cuts rates for first time in 5 years as economy sputters

16 Aug 2019

MEXICO CITY Mexico's central bank on Thursday cut its key lending rate for the first time since June 2014, citing slowing inflation and increasing slack in the economy, and fueling expectations that further monetary policy easing could be on the way.

Core inflation a stiff 'challenge' in Mexico as economy faces growing risks

16 Aug 2019

MEXICO CITY Reducing Mexico's stubborn core inflation, running at 3.8 percent, is a challenge for the central bank, its governor told Reuters on Thursday, after it cut its key lending rate for the first time since June 2014.

UPDATE 1-Core inflation a stiff 'challenge' in Mexico as economy faces growing risks

16 Aug 2019

MEXICO CITY, Aug 15 Reducing Mexico's stubborn core inflation, running at 3.8 percent, is a challenge for the central bank, its governor told Reuters on Thursday, after it cut its key lending rate for the first time since June 2014.

UPDATE 3-Mexico narrowly escapes recession, ekes out minimal 2nd-qtr growth

31 Jul 2019

MEXICO CITY, July 31 Mexico narrowly avoided slipping into a recession during the first half of 2019 as gross domestic product grew by a fraction in the second quarter, data showed on Wednesday, but economic weakness persisted across the board.

Mexico's stimulus package to have 'immediate impact': finance minister

30 Jul 2019

MEXICO CITY A $25 billion stimulus package unveiled by Mexico on Monday should have an immediate impact, Finance Minister Arturo Herrera said, as Latin America's second-largest economy teeters on the brink of a recession.

RPT-Senior Mexican lawmaker calls for tax on purchases from Amazon, Uber, other digital platforms

24 Jul 2019

MEXICO CITY, July 24 A senior Mexican lawmaker plans to present a bill in Congress to tax purchases on Amazon, Uber and AirBnB and other digital platforms to help fill a multibillion-dollar revenue hole after changes in how state oil company Pemex contributes to government finances.

RPT-'I've got other numbers!' Debate rages over recession in Mexico

23 Jul 2019

MEXICO CITY, July 22 Mexico's economy, the 2nd largest in Latin America, has hit a rough patch, weighed down by dwindling business confidence and an industrial slump.

'I've got other numbers!' Debate rages over recession in Mexico

22 Jul 2019

MEXICO CITY Mexico's economy, the 2nd largest in Latin America, has hit a rough patch, weighed down by dwindling business confidence and an industrial slump.

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