Mexican President Andres Manuel Lopez Obrador said on Monday he would like the M...
FILE PHOTO: The logo of Mexico's Central Bank is seen at its building in downtown Mexico City, Mexico February 28, 2019. REUTERS/Daniel Becerril/File Photo
MEXICO CITY - Mexican President Andres Manuel Lopez Obrador said on Monday he would like the Mexican central bank to not only focus on controlling inflation but also think about growth in Latin America’s second-largest economy. Lopez Obrador also told U.S. news agency Bloomberg in an interview that it was important to lower interest rates to encourage economic growth while reiterating that he respected the autonomy of the central bank.
“One thing is what is desirable and another thing is what is possible,” he said. “I would like the Bank of Mexico to not only focus on controlling inflation but also think about growth.”“We are talking about how in the Bank of Mexico they’re watching inflation more, which isn’t bad, but it is important to lower rates to encourage growth,” Lopez Obrador said.
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