Reducing the rate to nine percent by Mexico Bank It is a reflection of the current levels of general and inherent inflation, which is located below the average stipulated in the cash program that covers from 2003 to 2019, before the epidemic starts. Victoria Rodriguez Sega.
Fool David Paramo on the radio photoThe Pancico official explained that the inflationary ring, which was launched by the global clashes, was already resolved.
He added that it entered a new stage in which the Foundation will focus on carrying inflation by 3.67 percent of the first half of March, to three percent, and this is the goal of the central bank.
He pointed out that Banco de México is studying, with the impact of changes in commercial policies, that the new stage of inflation will require less cash tight, such as required in inflationary rings in recent years.
In the first half of March, the last data we have, the general inflation was 3.67 percent, the basic inflation, of 3.56 percent and an front of the basic inflation. The goods remained at three percent levels, and services also continued to decrease. “
He added that the other elements that contributed to inflation behavior are the weakness of the Mexican economy, which expects less power in the first quarter of the year.
The Governor of Pancico explained that although the balance of inflation risk is still continuing, it has improved, and although the customs tariff that could affect economic activity, there are no important effects on inflation.
We did not see the exchange rate, as it remained stable and good. Well, our inflation diagnosis is another component and has been preserved without practically changed, taking into account the inflationary panorama and the degree of restriction that we currently have is that we decided to reduce the reference rate by 50 basic points.
“We called it” our critical situation, and we are thinking about a similar size.
He pointed out that the Board of Directors stipulates that the inflation environment allows us to continue our discount cycle at the reference rate, while maintaining a restricted position.
To impose customs tariff measures by the largest commercial partner we have clear effects on national economic activity. “We should not advance consequences,” he said.
The Governor of the Bank of Mexico explained that although uncertainty about steel and aluminum tariffs in March, and the major cars for April, the Foundation will be attentive to changes in panorama, with the aim of fulfilling the priority state to maintain the stability of the purchasing power of weight.
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(Tagstotranslate) Victoria Rodriguez Sega (T) modification rate (T)
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