“As has been said on previous occasions, and we have said it in the previous decision, the bank is willing to make more forceful decisions. This is an additional event that we will take into consideration,” said Gerardo Esquivel, deputy governor of Banxico. .
Esquivel emphasized that the increase in rates by the Fed is only one of the elements to be considered and not the decisive one, although it is relevant.
The central bank stressed that the lower prospects for economic growth in Mexico and the world will be other challenges ahead for the Mexican financial system, as well as a “disorderly” increase in interest rates.
“The tightening of global financial conditions is an important challenge for emerging and Mexican economies,” said Victoria Rodriguez, Governor of Banxico.
Regarding a recession or slowdown in the Mexican economy, the central banker said that it is possible, although the country has solid fiscal and monetary elements.
This Wednesday, the war against inflation in the United States gained strength after Federal Reserve (Fed) announce a increase in your interest rate at 75 base points, to leave it in a range between 1.5% and 1.75%. It is the strongest rise since 1994.
It is “very likely” in July as the Federal Reserve is “determined” to bring inflation to its 2% annual target, central banker Jerome Powell told a news conference.
Banxico will have its monetary policy meeting next week.
