Mexican deputy governor discusses high-inflation risk

bank-of-mexico

A deputy governor of the Bank of Mexico, Manuel Sánchez, on September 20 outlined the risks to a stable inflation environment in the country.

Speaking at the Santander Global Fixed Income Summit in London, Sánchez attributed the rise in inflation from 3.28% in July 2011 to 4.57% in August 2012 to the depreciation of the peso through the period, and higher food and agricultural prices than expected.

Monetary policy will have to be adjusted if inflation looks unlikely to converge to the central

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