DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Anthony Esposito Ana Isabel Martinez"


3 mentions found


☆ EXCLUSIVE Bank of Mexico nears end of rate hike cycle, eyes economic toll, board member says
  + stars: | 2022-10-26 | by ( Anthony Esposito Ana Isabel Martinez | Anthony Esposito | Ana Isabel Martinez | ) www.reuters.com   time to read: +4 min
MEXICO CITY, Oct 26 (Reuters) - Bank of Mexico board member Gerardo Esquivel cautioned against increasing the monetary policy rate to "excessively" restrictive levels as the economy remains weak, saying the bank's current rate-hiking cycle could end with rates between 10%-10.25%. But he stressed that it was "important to start thinking about" what that level would be using the so-called ex ante real rate, defined as the difference between the nominal interest rate and expected inflation. His comments come after the minutes of Banxico's last monetary policy decision highlighted that further rate hikes were on the table. The minutes said the board would "assess the magnitude of the upward adjustments in the reference rate" in coming decisions. "We're already at a restrictive level that the Fed is clearly not at," he said.
☆ Mexico refinancing debt to help next government, official says
  + stars: | 2022-10-20 | by ( Anthony Esposito Ana Isabel Martinez | Anthony Esposito | Ana Isabel Martinez | ) www.reuters.com   time to read: +2 min
MEXICO CITY, Oct 20 (Reuters) - Mexico's finance ministry has been tasked with refinancing the country's debt, especially bonds maturing in 2025, in order to help ease the financial burden on the next administration when it takes office, a senior official said. President Andres Manuel Lopez Obrador had asked the ministry to refinance as much debt as possible, as well as to lower costs and extend maturities, Yorio said. Mexico City Mayor Claudia Sheinbaum and Foreign Minister Marcelo Ebrard are among those jostling for the MORENA candidacy. The government would look for new opportunities to refinance or buy back external and domestic debt, he added. Yorio's team is also working to develop a local debt market built on sustainable bonds.
☆ Mexico muddies waters on oil hedge to avoid cost hikes from Wall Street, oil majors
  + stars: | 2022-10-20 | by ( Anthony Esposito Ana Isabel Martinez | Anthony Esposito | Ana Isabel Martinez | ) www.reuters.com   time to read: +2 min
The world's largest financial oil deal, the program known as the "Hacienda hedge" is designed to protect the oil revenues of Latin America's second-largest economy against price crashes on the world market. It classified previously public details, including the overall cost, the strike price for the put options and the amount set aside from the oil revenues stabilization fund that contributes to the overall protection. Mexico also no longer discloses the names of counterparties, which have long been big Wall Street banks and oil majors. Due to sensitivities around the hedge, Yorio declined to give details about the strike price of the options. "In the current context of geopolitical tension, oil price volatility is very high and therefore the volatility of the premiums associated with the hedge is very high."
0 next >>
Total: 3