Sánchez encourages ‘realistic’ expectations of macro-prudential tools

Bank of Mexico deputy governor considers effectiveness of tools

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Bank of Mexico deputy governor Manuel Sánchez stressed the importance of keeping expectations "realistic" with regard to what can be achieved through macro-prudential tools, during a presentation in Windsor, at the Central Banking Spring Training Series.

Considering the effectiveness of macro-prudential tools, Sánchez pointed to research showing they "may have some effect on certain variables taken as leading indicators of problems", but said this "does not necessarily imply control over

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