Mexico’s central bank has found that the country’s financial system remains resilient and stable despite the challenges posed by the complex global economic landscape. In a recent financial stability report, the Bank of Mexico (Banxico) highlighted the robust position of the country’s banking system, emphasizing its...
March 26, 2024
Digital bank Nu Holdings will lower the yield on its high-yield savings accounts in Mexico after the country’s central bank cut its key rate for the first time since 2021. From April 16 through May 23, Nu’s new yield will be 14.75%, Bloomberg reported Tuesday (March 26). The new rate that the central bank, Banxico, announced last […]
December 06, 2023
Mexico’s central bank has found that the country’s financial system remains resilient and stable despite the challenges posed by the complex global economic landscape. In a recent financial stability report,...
