© Reuters. Mexico’s Reserve bank Guv Victoria Rodriguez Ceja postures for a photo throughout a meeting with Reuters, Merida, Mexico, March 17, 2023. REUTERS/Lorenzo Hernandez
By Valentine Hilaire and also Noe Torres
MERIDA, Mexico (Reuters) – The Financial institution of Mexico’s Guv Victoria Rodriguez stated on Friday the Mexican financial system is strong, swearing to stay alert yet stressing there was no present factor for authorities to step in.
Rodriguez, a previous replacement financing preacher, was inquired about feasible pollution from the collapse of united state loan providers Silicon Valley Financial institution and also Trademark Financial Institution (NASDAQ:-RRB- and also market chaos that captured Credit rating Suisse Team AG.
The fell short united state financial institutions were local loan providers and also have no systemic influence, Rodriguez informed Reuters in a meeting on the sidelines of Mexico’s yearly financial convention in the southerly city of Merida.
She stated, “The partnership in between them and also the Mexican system is almost non-existent … We do not see a transmission or financial institutions that remain in a comparable scenario in our nation.”
Inquired about the most recent rising cost of living information in Mexico and also what that can suggest for rates of interest, Rodriguez kept in mind February rising cost of living information was great information, highlighting that upcoming information t will certainly require to be thought about prior to the financial institution’s following financial plan choice.
” There is still appropriate details that is mosting likely to arise and also we will certainly be assessing it,” stated Rodriguez.
The increase in Mexico’s core customer costs slowed down by greater than anticipated to 8.29% in the year to February, information from stats company INEGI revealed recently, giving some alleviation as Latin America’s second-largest economic situation faces high rising cost of living and also rates of interest.
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