Mexico inflation could be affected by exchange rate and US events
Mexico’s board to monitor exchange rate pass-through on consumer prices, quarterly review says
The Bank of Mexico's board of governors will "closely monitor" the evolution of all inflation determinants, the bank's latest quarterly review has said. It will especially monitor the exchange rate and its possible pass-through onto consumer prices.
Over the following months, the bank expects headline inflation to gradually rise to a level close to its 3% target at the end of 2016. However, the bank identified a number of factors that could pose upward risks to inflation. These include the
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