Mexico to ‘persevere’ in strengthening macroeconomic framework, bank deputy says

Effect of further US federal funds rate normalisation ‘unclear’ – Calafell

bank-of-mexico
Mexican deputy governor believes adequate monetary policy will help the country overcome shocks

The policy normalisation process occurring in the US has removed a major source of concern for many markets, but the implication of further increases in the federal funds rate remains "unclear", a Bank of Mexico deputy governor has said.

Speaking in Mexico City on January 11, Javier Guzmán Calafell reaffirmed Mexico would continue to implement a "credible" monetary policy in a "highly uncertain environment", but maintain an "adequate monetary policy framework" to ensure a "gradual strengthening"

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