Mexican Peso’s Slide Having ‘Minor’ Impact on CPI, Sanchez Says

08/05/16 Bloomberg

pesoDespite the Mexican peso’s plunge, its impact on driving up inflation is minor as the central bank has worked to keep consumer prices in check, deputy Banxico Governor Manuel Sanchez said.

During an interview in Los Angeles, Sanchez, who analysts consider among the most hawkish members on Banco de Mexico’s board, played down the risks of pass-through from the currency to inflation and instead alluded to the central bank’s credibility and interest rate decisions as limiting risks to inflation.

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