More complex scenario would be inflation and Fed normalization simultaneously: Banxico

MEXICO CITY, Nov 19 (Reuters) – Mexico’s central bank governor Alejandro Díaz de León said on Friday that the most complex scenario would be to face the inflationary challenge and the normalization of US monetary policy intensively and simultaneously.

Inflation in Mexico accelerated in October to 6.24%, its highest level in four years, and Banco de México (Banxico) has raised the benchmark interest rate four times in a row to 5%, due to the sustained increase in the index. of consumer prices.

(Report by Sharay Angulo. Edited by Miguel Angel Gutiérrez)

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