Mexico monpol may need to become more restrictive yet, cenbanker says

Mexico monpol may need to become more restrictive yet, cenbanker says
Mexico's Central Bank presents coin commemorating the 100th anniversary of the arrival of the Mennonites to Mexico

MEXICO CITY (Reuters) – The Bank of Mexico may need to continue tightening monetary policy to bring down inflation, said Gerardo Esquivel, a member of the central bank’s board.

In an interview with Mexican news outlet Excelsior, Esquivel said the bank’s board “may need to go a little further in the restrictive zone” to guarantee lower inflation.

Esquivel posted a link to the interview on his Twitter feed.

(Reporting by Kylie Madry)

tagreuters.com2022binary_LYNXMPEI810XI-BASEIMAGE