Mexico's central bank on Wednesday said pandemic shocks on inflation have been deeper and longer lasting than expected, and the bank could not rule out new inflationary pressures caused by Russia's invasion of Ukraine.
The central bank forecast average inflation would hit 4.0% by the fourth quarter of 2022, while GDP would grow between 1.6% and 3.2% this year.
For more forex news, please download WikiFX – the Global Dealer Regulatory Inquiry APP.
Leave a Reply