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Mexico central bank could revise inflation forecast upward, governor says -Breaking


© Reuters. FILE PHOTO : Mexico’s Central Bank Governor Victoria Rodriguez Ceja pose for a photograph after an interview at Reuters’ annual banking convention. This was in Acapulco Mexico, Mexico, March 25, 2022. REUTERS/Javier Verdin

MEXICO CITY (Reuters] – Mexico’s central banks could revise their inflation forecasts higher due to Russia’s invasion of Ukraine. Bank of Mexico Governor Victoria Rodriguez stated this Thursday.

In the next estimate of its size, the development and spread of the coronavirus virus pandemic will be key factors.

Next meeting scheduled for May 12

She also talked about the bank’s plans to create a digital currency. This she stated would be available in three years. It could complement the peso.

Rodriguez stated that Mexico has less than 50% of its population with bank accounts, and the digital currency will help to boost financial inclusion efforts by the central bank.

It will enable banked or non-banked people to open accounts and expand their payment options. This asset is versatile,” she stated.