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LatinNews Regional Monitor: Mexico - 27 January 2020
From LatinNews Daily
On 26 January the 'march for truth, justice, and peace' orchestrated by Javier Sicilia, a poet and prominent peace activist, reached the national palace in Mexico City four days after setting off from the central state of Morelos.... Read More
* Mexico’s national statistics institute (Inegi) has released the latest figures for the country’s economic activity index (Igae), according to which Mexico’s economic activity contracted by 1.2% year-on-year in November 2019.... Read More
FROM LATIN AMERICAN ECONOMY & BUSINESS
After months of delay, both the US House of Representatives and the US Senate have approved an updated version of the US-Mexico-Canada Agreement (USMCA) regional trade accord in the past month.... Read More
Mexico's risk premium has continued to fall steadily, with the spread on five-year credit default swaps (CDS) – an indication of the level of credit risk that markets attach to economies – standing at just 73 basis points (bps) on 6 January.... Read More
In late December 2019, the Mexican government announced a 20% increase to the minimum wage, effective from the start of 2020.... Read More
Interest rate cut: On 19 December 2019 Mexico’s central bank (Banxico) cut its benchmark interest rate by 25 basis points to 7.25%, the fourth cut in interest rates in 2019.... Read More
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