Monetary policy in Mexico remains unchanged

The expansion of Mexico's economy, inflation, and public policy were all topics that were evaluated by experts, who then offered their recommendations.

Monetary policy in Mexico remains unchanged
The Mexican government has not modified its stance on the country's monetary policy. Photo by Mike Cho / Unsplash

Following the health crisis, the goal of economic policy will be to produce sustainable growth with monetary and macroeconomic stability, with a discernible destination toward investment to generate revenue. However, experts concurred that the economic and financial impacts of the COVID-19 epidemic, as well as the negative feature of inflation with the slowdown of productive activity, appear to be enduring.

During the XVIII Fiscal and Financial Policy Seminar, whose theme was Monetary Stability vs. Countercyclical Policy, its coordinator, Ernesto Bravo Benitez, stated that while globalization helps to dynamize economic growth, it also tends to spread systemic or global crises, "and if we do not have the instruments well aligned and the institutional strength to face them, it affects us in a significant way."