Exclusive: Mexico central bank ready for election, could support

in #central6 years ago

— Mexico’s central bank is prepared for different scenarios resulting from the country’s July 1 presidential vote, central bank chief Alejandro Diaz de Leon said late on Monday, adding that policymakers could act to support the peso if liquidity dries up

— FILE PHOTO: Mexico's central Bank Governor Alejandro Diaz de Leon Carrillo speaks during an interview with Reuters on the sidelines of the Mexican Banking Association's annual convention in Acapulco, Mexico March 9, 2018

— REUTERS/Henry Romero Diaz de Leon said in an interview with Reuters that it was not the central bank’s place to comment on candidates’ economic policies, but added that policymakers are “attentive and prepared for different scenarios.”

— Diaz de Leon said the country’s foreign exchange commission, which sets intervention policies and is made up of central bank and finance ministry officials, would consider taking action if there were signs of “very thin” liquidity in markets

— Diaz de Leon said the central bank needs a “prudent” monetary policy even with a drop in inflation this year due to the risks of a deeper peso slump16425993_1293600014018912_5889255397566808876_n.jpg

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