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Inflation To Return To Range By July: Deputy Governor Esquivel

MEXICO

Mexico's inflation is under control and its recent spike is a result of temporary base effects, Central Bank Deputy Governor Gerardo Esquivel said after the country posted the fastest annual price increase in more than three years. (Bloomberg)

  • "Inflation isn't out of control and won't stay in elevated levels for a prolonged period," the policy maker wrote. "It's primarily a arithmetic and transitory phenomenon."
  • AMLO appointed Esquivel has certainly been in the more dovish camp. He made comments earlier this year that Banxico could have space for at least two more interest rate cuts following the 25 bps cut at the February meeting.

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