What is the TIIE index?
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What is the TIIE index?
Index description 28 day TIIE (28 day Interbank Equilibrium Interest Rate) is an interbank interest rate which is calculated by Banco de Mexico based on commercial bank quotes. The rate is calculated by the supply and demand of funds with a tenor of 28 days and reflects conditions in the Mexican Peso Money Market.
What is the interest rate in Mexico?
Mexico has increased its interest rates by 0.5 percentage points, from 6% to an annual rate of 6.5%. The key rates a tool used by Central Banks to implement monetary policy.
What is the central bank of Mexico?
Banco de México
Banco de México is the central bank of Mexico.
What is Cetes Mexico?
The Mexican Federal Treasury Certificates (CETES) are the oldest debt instrument issued by the Federal Government. These securities are zero-coupon bonds and are traded at a discount.
What is the interest rate on a savings account in Mexico?
Deposit interest rate (%) in Mexico was reported at 1.4633 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources.
Who owns Mexico’s central bank?
The Bank of Mexico is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency….Bank of Mexico.
| Logo Headquarters | |
|---|---|
| Headquarters | Mexico City, Mexico |
| Established | 1 September 1925 |
| Ownership | 100% state ownership |
| Governor | Victoria Rodríguez Ceja |
What is expansionary policy?
Expansionary policy is intended to boost business investment and consumer spending by injecting money into the economy either through direct government deficit spending or increased lending to businesses and consumers.
How many Mexicans have a credit card?
In 2017, approximately 9.52 percent of Mexicans owned a credit card, down from over 17.82 percent in 2014.
What do Mexican banks pay in interest?
¿Cuál es el indicador del Banco de México?
UDIS. valor de indicador UDIS: 6.437327. 16 – JUN – 2020. Consulta pública de disposiciones del Banco de México. Consulta pública en curso – Regulación.
¿Cuál es el valor del indicador del Banco de México 2021?
UDIS. valor de indicador UDIS: 6.729837. 21 – MAR – 2021. Consulta pública de disposiciones del Banco de México. Consulta pública en curso – Regulación.
¿Qué es la estadística Banxico?
Estadísticas Banxico Aplicación que permite consultar los indicadores económicos publicados por el Banco de México. Se pueden consultar más de 190,000 series de tiempo, por ejemplo: Tipos de cambio (Dólar, Euro, Yen, etc.).