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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
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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%