A picture illustration shows Mexican pesos and U.S. dollars banknotes in Mexico City March 10, 2015. REUTERS/Edgard Garrido
According to Reuters, Mexico’s Central Bank (Banxico) will pay close attention to inflationary pressures stemming from the weak peso while deciding monetary policy, deputy governor Manuel Sánchez said on Thursday, September 15.
The upside risks dominated the outlook for inflation, and inflationary pressures arising from the peso’s weakness posed the biggest concern, Sánchez said in a speech published on the central bank website.
Mexico’s annual inflation rate quickened to 2.73 percent in August, its highest level since February, but remained below the central bank’s target despite the peso’s slide.
“Going forward, the implications of exchange-rate developments will remain an important input in monetary policy decisions,” Sánchez added.
He emphasized that the bank does not target a specific exchange rate and therefore will not “react” if the peso hits a certain level.
Mexico’s peso <MXN=D2> closed at a record low of 19.3635 per dollar on Thursday, having lost more than 5 percent since early July, hurt by concerns U.S. Republican Presidential hopeful Donald Trump could win after polls showed him gaining.
Trump has proposed building a wall across the U.S.-Mexico border and making Mexico pay for it, to prevent drug running and illegal immigration.
ALEXANDRA ALPER / SIMON CAMERON-MOORE, Editing for Reuters
Source: www.reuters.com
Comments
more recommended stories
“El Palomo”, a little dog who helped his owner return home after one week lost in the Sonora desertA man, after being missing for.
High expectations for local merchants during the Christmas holiday seasonMerchants of Christmas products in Mérida.
This is how Yucatecan businessman Kuri Llamas was executed in Mérida’s Díaz Ordaz neighborhoodYucatecan businessman Roberto Kuri Llamas was.
Foreign companies open more than 600 job positions in Yucatán for English speakersPeople in Yucatan with an interest.
Restauranteurs and other sectors will receive training to prevent fatal incidents in MeridaIn Mérida it is urgent that.
-
Yucatan makes history by setting Guinness World Record in the field of people with disabilities
Yucatan makes history by imposing the.
The 2022 Orange Fair will take place from December 8 to 18The Orange Fair 2022, which will.
Sunset over the sea gathers 2 thousand people at Progreso’s fiscal dockThe return of “Sunsets over the.
AMLO says his “military airline” will be ready by the end of 2023, almost at the same time as the Maya TrainAlmost at the same time as.
Yucatan gymnasts seek economic support to represent Mexico in DubaiSeven Yucatecan gymnasts are seeking support.
Leave a Comment