Banxico needs to maintain a restrictive policy stance for some time, the agency said.
Currently, the reference interest rate is at an all-time high of 9.25% and next week the central bank will announce a new adjustment.
In its report on the result of the consultation of Article IV of its Constitutive Agreement, the agency said that it foresees a growth of the Gross Domestic Product (GDP) in Mexico of 2.1% in 2022 and 1.2% in 2023.
“Economic growth is expected to slow down in the short term due to lower growth in the United States and the tightening of global financial conditions,” he said.
With information from Reuters
