Before I give up inflation in Mexico a decline in the trajectory of world prices of commodities Y energeticwarned members of the Governing Board of Banco de México (Banxico).
“We have to see that the overall inflation give in so that here, in Mexico let’s see a systematic drop and consistent prices”, commented the deputy governor Jonathan Heath.
If we export more than 80% of our merchandise to the United States and more than 65% of our imports come from there, obviously their prices and their evolution are extremely important for our evolution, he explained during the presentation of the Financial Stability Report.
From their perspective, this process of decline in inflation in Mexico “it will probably appear with a certain lag” with respect to the global.
In the same conference, Deputy Governor Irene Espinosa added that the speed of the decline in world inflation in 2023 will still be slow.
The pressures of inflation they have been persistent and the tightening of monetary policy operates in a period of eight quarters, he recalled. He then stressed that the rate of decline in inflation in emerging economies such as Mexico and advanced ones “will still be slow.”
Right there the governor of the Bank of MexicoVictoria Rodríguez Ceja said that high inflation levels are part of a complex and uncertain environment for the Mexican financial system.