Mexico's Central Bank Chief: Economy is going to continue growing below its potential

Mexico's central bank chief Agustin Carstens crossed the wires last minutes, via Reuters, saying that Pick up in prices does not reflect a sustained acceleration in inflation.

Key headlines (via Reuters):

  • There are certain prices that we will have to pay attention to
  • If Banxico overreacts, Mexico could put in place higher rates than needed and impact economy
  • Peso depreciation has contributed to elements of core inflation
  • Fluctuation in exchange rate should not automatically affect prices across the board
  • Inflation expectations are well anchored

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.