MEXICO CITY (Reuters) – Aggressive monetary easing in Japan will probably not swamp Latin America with excess capital, but much depends on when the U.S. Federal Reserve eases back from its stimulus measures, a senior International Monetary Fund official said.
The Bank of Japan last week joined other major central banks in extra monetary easing in a bid to boost growth, pledging to inject $1.4 trillion (908 billion pounds) into the economy in less than two years, a wave of money that could potentially push more funds into emerging markets.
SILAO, Mexico (Reuters) – Made in Mexico is increasingly more likely to mean cars than clothes as the country’s manufacturing sector moves away from the low-skill, high-volume production lines of the past toward more sophisticated products.
Times are tough for the assembly-for-export plants known as maquiladoras clustered along the U.S. border, a region that has lost economic muscle in the face of competition from China, successive U.S. recessions and drug war violence.
MEXICO CITY, March 22 (Reuters) – Mexico’s divided central
bank hinted on Friday it could cut interest rates again, and
analysts said policymakers would have the room to ease further
this year if the peso currency continues to surge.
Minutes of the last Banco de Mexico meeting showed the
decision to cut borrowing costs to a record low of 4.0 percent
split the board 4-1.