Mexico Inflation Risks Tilted Upwards: Banxico Deputy Governor

(Bloomberg) -- Mexico's balance of inflation risks is now tilted upwards after months of uncertainty, Deputy Governor Irene Espinosa said in a interview with Banorte's Norte Economico podcast.

• Inflation is pushed upwards by four factors:
  • Core inflation, particularly from goods, as households and companies shift spending patterns
  • Increased spending on services as economy reopens, especially in second half of year
  • Recent episodes of volatility due to internal and external factors, which pressure exchange rate
  • Expected higher inflation worldwide
• The bank will continue making monetary policy decisions data dependent, Espinosa said, according to a transcript published Wednesday.