Banco de México

The Banco de México (Spanish: "Bank of Mexico"), abbreviated BdeM or Banxico, is Mexico's central bank. Guillermo Ortiz has been the governor of the bank since 1998

Goals

• Creating money
• Fighting inflation

Other activities

Mexico's central bank releases statistics about the economy (GDP,..). You can see them on the official site, many of them are in Spanish and some in PDF.

Instruments

• Interest rates
• The short stands for the Spanish word corto

History

• September 1, 1925 : creation of the bank
• July 1931 : Ley Monetaria
• 1935: silver crisis (important increase of the silver price)
• February 7, 2003 : it increased the short from 5550 million pesos a day to 625 million pesos

Goals for 2003

• Keep inflation below 3%

See also

• Economy of Mexico

External link

• http://www.banxico.org.mx/