BBVA Research

Subscribe to BBVA Research feed
Updated: 7 hours 18 min ago

Mexico | Remittances picked up in March, growing by 15.1%

May 4, 2017
In March 2017, US$2,520.3 million was received by Mexico in family remittances. This is the third biggest volume of remittances ever received in a single month, surpassed only by the US$2,637.7 million of October 2008 and the US$2,534.6 of May 2006

Turkey | Monthly Economic Monitor. April 2017

May 3, 2017
Turkish lira appreciated mostly on local factors. Foreseeing a rising trend in inflation, the CBRT’s front-loaded tightening in April held the Turkish lira firm. On the activity side, ongoing fiscal stimulus, strong support through exports and credit growth helped GDP growth continue to be moderate in 1Q as well.

Turkey | Further Rise in Inflation as Expected

May 3, 2017
Consumer prices rose by 1.3% in line with the market consensus, but lower than our expectations (1.6%) in April. Thus, annual inflation rose further to 11.9% from 11.3%. The reason behind this month’s increase was almost entirely due to the surge in food prices. We estimate that inflation will fall into single digits in the last two months and end the year at 9%.