Mexico: Banxico raises rates after peso plunge

Mexico: Banxico raises rates after peso plunge

FAQ, Mexico, News, Pre Construction, Property Rental, Retirement
The Central Bank of Mexico (Banxico) announced at its 29 September meeting its decision to raise the monetary policy rate by 50 basis points to 4.75%, returning to levels last seen in 2009. The increase was widely expected, but analysts had never been so divided with forecasts ranging from 25 basis to 75 basis points. Banxico began to tighten the reins in December 2015 and has raised the key interest rate by a total of 175 basis points since then. The Bank’s decision to increase the interest rate followed a period of significant volatility in the peso, which in some retail outlets exceeded the 20.0 MXN per USD threshold. Banxico remained under pressure to support the weakening currency and in its statement it took a hawkish attitude towards keeping the…
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Belize Guide FAQ

Belize Guide FAQ

Belize, FAQ
Buying property in Belize and the process. There are no restrictions on foreign ownership of property. The first step to purchasing property in Belize is to hire an agent and a lawyer. It is very important to have legal representation because there is no regulation on the real estate industry in Belize. Agents are not required to have any certification or license. Moreover, real estate agents in Belize are not required by law to disclose valuable information about the property. Be aware of “Deed Restrictions”. These are intrinsic to the property title, which means, while there are no restrictions mandated by law, there are restrictions that go with the property owner’s rights and obligations. These restrictions outline how the property can be used. The lawyer can be helpful in making sure…
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