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Bank of Mexico forecasts complications due to inflation

Bank of Mexico forecasts complications due to inflation

Mexico City, Jun 26 (Prensa Latina) The Bank of Mexico on Sunday forecast complications for the national economy due to inflation and the increase in the reference rate, factors that affect production and purchasing power.

Humberto Calzada Diaz, chief economist at Rankia Latin America, commented that the fact of having a 7.88-percent inflation at annual rate and setting the reference interest rate at 7.75 percent shows a complex scenario for the country.

He explained that there are some complicated months ahead for the Mexican economy, and the fact that rates have been increased continues to be a negative catalyst for slowing down economic activity.

The expert pointed out that the reduction in the growth of the Mexican economy has already begun and, in an optimistic scenario, he estimates that it will be one percent.

Calzada stressed that they are concerned about the fact that should the United States falls into recession, Mexico will be negatively impacted.


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