Intercam News

The Day at a Glance | March 24 2022

The Top *Inflation in Mexico accelerated slightly less than expected during the first half of March. *PMIs confirm strong inflationary pressures in Europe. *Mexico´s Central Bank will carry out a monetary policy decision; the interest rate is expected to increase in 50bp (6.5%e.). *Members of the FED confirmed willingness to act more decisively to contain

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The Day at a Glance | March 23 2022

The Top *Leaders of the European Union and NATO will hold a meeting in Brussels on Thursday; they will discuss additional sanctions to be placed on Russia. *European Commissioner for Budget and Administration Johannes Hahn discarded that issuing joint debt to fund energy and defense priorities in Europe would be necessary. *Inflation in the United

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The Day at a Glance | March 22 2022

The Top *Powell assures that the FED is willing to be more aggressive to contain inflation; a 50 bps increase for the next meeting is possible. *Biden warns about a potential cyberattack from Russia. *The Leading Economic Activity Indicator (IOAE in Spanish) indicates a 2.8% growth of the Mexican economy during February. *EU considers the

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The Day at a Glance | March 18 2022

The Top *Biden holds talks with Xi Jinping; fears China’s tacit support for Russia. *Russia avoids default; interests payment of bonds issued in dollars were sent to Citigroup. *The Central Bank of Russian Federation keeps the interest rate at 20%, indicating an imminent economic contraction. *The Bank of Japan committed to maintaining monetary stimulus even

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The Day at a Glance | March 17 2022

The Top *OECD warns about the economic impact of the war in Ukraine. *The Bank of England increased interest rates by a third consecutive time, placing it on pre-pandemic levels (0.75%). *Biden will meet Xi Jinping to keep pressuring and trying to stop the Russian invasión. *Russia claims to have ordered the interest payment on

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The Day at a Glance | March 16 2022

The Top *The Federal Reserve will have a meeting today (12:00 pm Mexico City time); it`s expected to start increasing interest rates for the first time since 2018. *Kremlin says there is progress in negotiations with Kyiv; neutral Ukraine with army could be compromise. *February`s retail sales in the United States increased at a more

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The Day at a Glance | March 15 2022

The Top *Inflation for producers reached an annual 10% during February in the United States, in line with estimates. *China`s economy grew more than expected in the first two months of 2022; there is risk of a slowdown due to COVID-19. *Russia faces deadline for 117 million dollars in interest payments (150 billion USD); it

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The Day at a Glance | March 14 2022

The Top *U.S. and Chinese representatives will have a meeting in Rome and talk about the conflict in Ukraine today. *China declares confinement in Shenzhen; Germany logs a new record number of Covid-19 cases. *Ministry of the Treasury and Public Credit increases fiscal stimulus for gasolines for a second consecutive week in order to avoid

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The Day at a Glance | March 11 2022

The Top *The United States, the European Union and G7 will revoke Russia`s “most favored nation” status. *Industrial production in Mexico once again exceeded estimates in January (1% monthly; 4.3% annual). *Putin considers there has been progress in recent negotiations with Ukraine. *Reaching our growth target will be difficult and will require greater fiscal stimulus:

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The Day at a Glance | March 10 2022

The Top *Inflation in the United States accelerated to a 7.9% annual rate during February, in line with estimates. *ECB surprised markets by announcing a faster than expected withdrawal of monetary stimulus. *Russia-Ukraine negotiations to stop the armed conflict failed. *The United States called for war crimes to be investigated in Ukraine. *In response to

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