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Economic news

Mexico monpol may need to become more restrictive yet, cenbanker says

09/02/2022

Less than a minute

2022.09.02 23:26

Mexico monpol may need to become more restrictive yet, cenbanker says
FILE PHOTO: The logo of Mexico’s Central Bank (Banco de Mexico) is seen at its building in downtown Mexico City, Mexico August 9, 2022. REUTERS/Henry Romero

MEXICO CITY (Reuters) – The Bank of Mexico may need to continue tightening monetary policy to bring down inflation, said Gerardo Esquivel, a member of the central bank’s board.

In an interview with Mexican news outlet Excelsior, Esquivel said the bank’s board “may need to go a little further in the restrictive zone” to guarantee lower inflation.

Esquivel posted a link to the interview on his Twitter (NYSE:TWTR) feed.

Source

09/02/2022

Less than a minute