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Banxico Deputy Governor Heath Speaks On Price Controls

MEXICO
Banxico Deputy Governor Heath Speaks On Price Controls via twitter:
  • “The Central Bank does not have the power to establish maximum prices. If the Executive decides to implement a policy in this regard, it is within its rights. The Central Bank can comment on the matter and offer advice only.”
  • “My personal opinion is that price controls only work in the short term, so great care must be taken in their implementation. However, it does not bother me to think "outside the box" in search of policies that can help us counteract inflation.”

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