Mexico plans to buy Billions in U.S Dollars
in
Mexico
Posted February 17th, 2010 at 10:39 pm
Mexico plans to buy more U.S. dollars and end credit lines with the International Monetary Fund and U.S. Federal Reserve in a sign of confidence in the country's recovery from the financial crisis.
Mexican Central Bank chief Agustin Carstens said on Wednesday his country should increase international reserves and gradually extricate itself from a $47 billion line of credit with the IMF.
Separately, the bank said Mexico would not renew a $30 billion swap line with the Fed that expires on ...
Banco De Mexico’s “Mr Carstens” plans closer co-operation with the Mexican Government
in
Mexico
Posted February 1st, 2010 at 12:16 pm
By contrast, present-day conditions “lend themselves to a much closer interaction, much better co-ordination in the messages, between the federal government and the Banco de Mexico”. Mr Carstens said closer co-operation with the government would involve “having more of a discussion and a joint understanding [about] what is going on in the economy. Such discussions would lead to “much better information to take monetary policy decisions”.
“There is no reason to worry; the only thing...
