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Mexico monetary policy limited by Fed hikes, Mexico central bank member says -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: A facade of an office in Mexico City shows the Bank of Mexico logo, on February 9, 2022. REUTERS/Edgard Garrido

MEXICO CITY (Reuters] – The U.S. Federal Reserve expected to raise interest rates in Mexico, said Jonathan Heath, Bank of Mexico Deputy Governor. He spoke at a meeting for entrepreneurs on Thursday.

The close relationship between U.S.-Mexican economies means that Bank of Mexico’s Monetary Policy decisions cannot be compared to Fed.

Heath stated that Mexico currently has low private investment levels, which could hinder an economic recovery.

Heath stated that there is no economic growth engine for 2022.

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