• CERTAINTY: Mexico’s central bank board recommended the Government to boost certainty for investment given the weakening of the Mexican economy this year to a GDP growth close to 0%. This at the same time that the bank lowered its interest rate by a quarter-point from 7.5% to 7.25%.
• TRUST: “It is particularly important that in addition to following a prudent and firm monetary policy, (that the Government) takes measures that promote an environment of confidence and certainty for investment, greater productivity and that public finances are sustainably strengthened”
• LIST: Among the the Central Bank recommendations for the López Obrador Administration are: improving the country’s credit rating along with that of the state-owned oil company, Pemex, meet the 2019 and 2020 fiscal goals plus strengthening rule of law, anti-corruption and citizen security.
• INTERNATIONAL: In November, the Organization for Economic Cooperation and Development (OECD) said that Mexico’s GDP growth in 2020 is expected to be at 1.6% very much in line with the Central Bank’s range of somewhere between 0.8% and 1.8% of GDP growth.
