Bank of Mexico’s Sánchez considers EM response to tighter Fed policy

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Manuel Sánchez, deputy governor of Bank of Mexico

Manuel Sánchez, a Bank of Mexico deputy governor, set out the challenges facing emerging markets in a speech yesterday – chief among them the "possible consequences related to the unwinding of lax US monetary policy".

Speaking at the Crédit Agricole Central Bank Seminar, in Rome, Sánchez argued the best response to this is to "consolidate macroeconomic fundamentals" by "improving fiscal positions, controlling inflation and strengthening the regulatory and supervisory frameworks for financial

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