Mexico’s Carstens sees resilient economy

Reuters, 5/28/2012

Mexico will experience only a moderate economic hit if Greece leaves the euro and the peso should quickly bounce back from a recent slump without fanning inflation, central bank governor Agustin Carstens said on Monday.

Below are comments Carstens made at the Reuters Latin America Investment Summit.

HOW MUCH WILL CURRENCY VOLATILITY AFFECT INFLATION?

“I really think that there should not be a big inflationary impact.”

PESO FAIR VALUE

“I think that the current level of the exchange rate is very undervalued, it certainly does not correspond to the fundamentals of the Mexican economy. If we take into account the relative strengths of the Mexican economy with respect to the United States and other countries, this should be reflected in a stronger exchange rate.”

Read more…

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 10,671 other followers