Europe - It's the final countdown

Jul 08, 2015 03:45 am UTC| Commentary

After another futile EU summit, new meetings and new final deadlines have been scheduled. Thursday is now the deadline for the Greek government to set out its proposals for a comprehensive and specific reform agenda for...

Banxico could follow the Fed when facing uncertainty

Jul 08, 2015 03:42 am UTC| Commentary

As hinted at by Deputy Governor Javier Guzman in a recent communication, the extent of additional pressure on the MXN and its ultimate impact on inflation remains a grey area, and Banxico could be forced to follow Fed...

Significant MXN depreciation, but within the range seen by other EM currencies

Jul 08, 2015 03:38 am UTC| Commentary

The MXN has lost over 20% in less than a year partly due to the lower oil price, and its impact on various areas fiscal, exports, investment and partly due to the volatility infinancial markets arising from such issues as...

Mexico inflation remains close to Banxico’s target, with little near-term upside risk

Jul 08, 2015 03:32 am UTC| Commentary

Inflation has remained close to Banxicos 3.0% target post the sharp decline in January due to the abolition of long-distance telephone charges, which reduced housing inflationsubstantially and kept core inflation below...

Mexico growth still looks to be on solid trajectory, but output gap persists

Jul 08, 2015 03:28 am UTC| Commentary

Mexicos industrial production likely weakened further in May after slowing in Q1 and April. This could lead to another downgrade of the growth expectations for Q2 and 2015.Despite possible improvement in H2, the output gap...

Grexit countdown ends Sunday, OSI discussions not before October

Jul 08, 2015 03:19 am UTC| Commentary

The Eurogroup meeting and the Euro summit on 7 July were inconclusive. Presidents Tusk and Juncker explained after the summit that there was no agreement and that the Greek position has been weakened after the...

Euro Summit: One more step towards Grexit

Jul 07, 2015 22:32 pm UTC| Commentary

The Eurogroup meeting and the Euro summit on 7 July were inconclusive. Presidents Tusk and Juncker explained after the summit that there was no agreement and that the Greek position has been weakened after the referendum....