Could Banxico further increase its interest rate?



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Mexico City – Banco de México (Banxico) must continue with a cautious approach to monetary policy and be prepared to react according to the circumstances that arise, said Thursday one of the deputy governors of the monetary entity.

Vice Governor Javier Guzmán Calafell said that since the risk balance for inflation in Mexico tends to rise in the current environment, further adjustments to the benchmark interest rate should not be excluded, according to the text of a document London

Guzmán added that at the end of the electoral process for the parliamentary elections of July 1, it will be necessary to know the economic policy measures that will take the new government, especially in public finances.

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