This will lead to more inflation in addition to a “high uncertainty about economic policy”, there are more possibilities of surprises that affect the operation of the markets and the international financial system.
“The panorama for the global economy is still subject to a high degree of uncertainty that affects the investment decisions of companies and household consumption,” says the report.
On the Mexican financial market, CESF highlighted the orderly and low volatility behavior, even with tariffs by the United States and recent sanctions against three financial institutions accused of money laundering and drug trafficking financing.
“The Mexican financial system maintains, as a whole, a solid and resilient position, which allows it to have sufficient capacity to absorb clashes and preserve adequate and stable functioning, even if adverse situations occur,” said the Council.
The Stability Council of the Financial System is made up of the Secretary of Finance and Public Credit, Édgar Amador; the governor of the Bank of Mexico, Victoria Rodríguez; and the Undersecretary of Finance and Public Credit, María del Carmen Bonilla.
It is also made up of two subgovernors of Banxico, the president of the National Banking and Securities Commission (CNBV), the president of the National Insurance and Bonds Commission (CNSF) and the President of the National Commission of the Retirement Savings System (Consar) and IPAB.
