Analysts: Bank of Mexico Has Lost Credibility

Analysts and Moody's doubt that the Bank of Mexico can achieve its 3% inflation target in 2026, citing a loss of trust in its monetary policy due to premature decisions and rising inflation expectations.

Analysts believe that the Bank of Mexico (Banxico) has lost credibility and will not be able to achieve its inflation target of 3% in 2026. According to Moody's, the country's monetary policy has lost its effectiveness. The main factors that undermined trust in the central bank are the premature reduction in the pace of interest rate cuts and the rise in inflation expectations. Experts forecast that inflation will be 3.8% at the end of this year and will not fall below 3.7% in 2027. Banxico Governor Victoria Rodríguez defends her decisions, stating they are in line with current economic conditions, however, her position is not supported by all members of the board.

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2026-01-26T22:29:45+00:00

Mexico's Economic Slowdown and Informal Employment Growth

Mexico's economy is slowing, with unemployment remaining low. However, informal employment is rising, causing concern among analysts. The government links this to the start of strategic projects and external tariffs.

Economy Politics Country

2026-01-26T22:28:22+00:00

Grupo Salinas and SAT in Talks Over Tax Debt in Mexico

Grupo Salinas is in dialogue with Mexican tax authorities regarding a significant tax debt. The company has presented documents to settle the outstanding amount to qualify for a substantial discount. The government awaits a final resolution this week.

Economy Politics Country

2026-01-26T22:26:06+00:00

Mexican Supreme Court Scandal Over Expensive Robes

A new scandal in Mexico involves the Supreme Court, which purchased expensive judicial robes for a total of nearly 300,000 pesos. This purchase contradicts the government's policy of "republican austerity" and damages the image of the ruling party.

Politics Economy Country

2026-01-26T22:24:02+00:00

Mexico's Supreme Court to Abandon New Armored Vehicles

Mexico's Supreme Court reversed its decision to purchase expensive armored vehicles following public backlash. Minister Hugo Aguilar stated that justices will not use the new SUVs, citing the need for 'due austerity,' while reaffirming that judges' security remains a priority. The sale of older vehicles for cost-saving will proceed.