|
|
|
 |
|
|
Home
»
Central Banks
Worldwide
»
Bank of Mexico |
|
Bank of Mexico
|
|
|
|
 |
The Bank of
Mexico (Spanish: Banco de México), abbreviated BdeM or Banxico, is Mexico's
central bank and lender of last resort. |
|
|
|
|
Its main
function is to provide domestic currency to the Mexican economy and its main
priority is to ensure the stability of the domestic currency’s purchasing
power. Its other functions are to promote both the sound development of the
financial system and the optimal functioning of the payment systems.
Monetary policy is the set of
actions taken by Banco de México to influence interest rates and inflation
expectations in order to make price behavior consistent with the goal of
ensuring an environment of low and stable inflation. By pursuing an
environment of low and stable inflation, Banco de México contributes to
create the appropriate conditions for both sustained growth and the creation
of permanent jobs. Banco de México permanently monitors the institutions that
comprise this system, promotes reforms to the current legislation, and
issues regulations according to its law. |
|
Monetary policy decisions affect expectations for the future performance of
the economy and, in particular, of prices. Economic agents determine their
prices based on these expectations. Inflation expectations affect interest
rates and these, in turn, affect aggregate supply and demand through the
channels mentioned previously. Illustrating the role of inflation
expectations in the economy, firms’ previsions regarding costs and future
revenues are key to determining the prices and levels of production of goods
and services offered. |
|
 |
|
Bank of Mexico |
|
HQ
Address: |
Solidaridad Nacional
Gustavo A. Madero
06059 Ciudad de México
Distrito Federal
México |
|
Tel: |
+52-5-237 20 00 |
|
Fax: |
+52-5-237
20 70 |
|
Website: |
www.banxico.org.mx |
|
Swift Code: |
BDEMMXMM |
|
Banking Hours: |
|
Monday - Friday : 9.00am -
4.00pm |
|
|
|
|
|
The main goal of Banco de México is to preserve
the value of Mexico’s currency in the long term in order to improve
Mexicans’ well-being with the vision to be a highly renowned, accountable
and trustworthy institution intended to fully attain its mission on the
basis of its transparency, technical capacity, and ethical commitment. |
|
|
|
|
|
|
|
|
|
|
|
List of banks governed by the
Bank of Mexico |
|
|
|
|
Bank Name |
Telephone |
Website |
|
Scotiabank Inverlat |
+52 5728 1900 |
www.scotiabank.com.mx |
|
Banamex/Citibank |
N/A |
www.banamex.com |
|
Bancomer |
+52 5624 1199 |
www.bancomer.com |
|
HSBC |
+52 5721 3390
|
www.hsbc.com.mx |
|
Banco Inbursa |
1 800 90 90 000 |
www.bancoinbursa.com |
|
Banco Regional de Monterrey |
+52 8399 8585 |
www.banregio.com |
|
Banco Santander Mexicano |
+52 5257 8000 |
www.santander.com.mx |
|
IXE |
+52 5174 2000 |
www.ixe.com.mx |
|
Banco Afirme |
+52 8318 3990 |
www.afirme.com.mx |
|
Bansi |
1 800 22 67 400 |
www.bansi.com |
|
Banorte |
1 800 50 01 500 |
www.banorte.com |
|
Banco del Bajio |
1 800 47 10 400 |
www.bb.com.mx |
|
|
|
|
|
|
|
|
|
|
DISCLAIMER
The content comes from Internet, reasonable efforts are made to maintain accuracy of information published.
However, information could contain errors or inaccuracies and is presented
without warranty and statutory means.
No liability is assumed for errors or omissions. Viewers are advised to
consult their banker or financial consultant for complete information and
their professional advise.
All trademarks, logos, brand names and copyrights are the property of their
respective owners. |
|
|
© 2011 - 2022 BankHeadOffice.com ® All
Rights Reserved |
|