Economy

Mexico's president sees central bank controlling inflation

Mexican annual inflation accelerated slightly faster than expected in April to 6.08%, its highest level since December 2017

Photo: Mexico's President Andres Manuel Lopez Obrador addresses to the nation on his second anniversary as the President of Mexico, at the National Palace in Mexico City, Mexico, December 1, 2020
Photo: Reuters/Henry Romero
Ler em português
  • AMLO declared to be confident that the central bank is doing its job to control inflation in the country. “I would tell you that it is the main function of the Banxico: to control inflation,” he said in a press conference;
  • Mexican annual inflation rose to 6.08%, its highest level since December 2017.

Mexican President Andres Manuel Lopez Obrador said on Wednesday he was confident the country’s central bank will act to control inflation as the economy recovers from the COVID-19 pandemic.

“It is the only thing we have to take care of, inflation, that is the only thing. Because the economy is heating up, that is, it is growing and we have to take care that there is no inflation, because the population is seriously damaged when there is inflation,” said the Mexican president during a press conference.

READ ALSO: U.S., Mexico, Canada to hold “robust” talks on new trade deal – statement

Obrador assured that the country’s central bank is acting well and trusted that macroeconomic balances will continue to be maintained while promoting the development and well-being of people.

Mexican annual inflation accelerated slightly faster than expected in April to 6.08%, its highest level since December 2017.

Get the best insights about Latin America market in your inbox