The governor of the Bank of Mexico (Banxico), Victoria Rodríguez Ceja, warned of “significant effects” to the restrictive measures adopted by President Donald Trump.
He stressed that the imposition of 25% tariffs on Mexican exports could have a significant effect on Mexico’s economic activity and generate mixed inflationary pressures.
“When economic activity weakened, this would be in the direction of having lower price variations. However, we could also see a depreciation of the exchange rate that, on the other hand, could generate upward pressures. Then, we would have pressures on both sides of the balance, ”he explained during the presentation of the last quarterly report of 2024.
Lee: Tariffs, presidential orders and deportations mark Trump’s first month
However, he stressed that uncertainty still persists on the application and scope of these measures, which until now have not been completely materialized.
The governor emphasized the strength of Mexico’s macroeconomic foundations to face these challenges, as she also stressed that Mexico has shown to be resilient and flexible.
“The economy of our country has been flexible and resilient when they have tried to face complex challenges, in case we had the application of tariffs,” he said.
With EFE information
Do you like to inform yourself for Google News? Follow our showcase to have the best stories
