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Mexico - January 2020

Introduction
The first Regional Report: Mexico of 2020 analyses the progress that the Mexican government has made in its declared aim of reducing the high levels of violence...
Security
Official homicide data shows that 2019 was on course to become the most violent year in Mexico since records began in 1997...
Following the murder of nine members of a US-Mexican family in northern Mexico in November 2019, the US and Mexican governments have launched new talks over how to control the flow of illegal firearms from the US into Mexico...
Economy
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...
Finances
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...
In late December 2019, the Mexican government announced a 20% increase to the minimum wage, effective from the start of 2020...
Economic Highlights
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...

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