Mexican president says would like cenbank to consider growth, not just inflation: Bloomberg

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mexican president urges central bank to consider growth, not just inflation - BloombergMexican President Andres Manuel Lopez Obrador said on Monday that he would like ...
Read more »

Mexican president says Mexico could not commit to safe third-country agreement: BloombergMexican President Andres Manuel Lopez Obrador said on Monday Mexico had not and ...
Read more »

Japan says GDP growth could slow to 0.9% on weakening global demandJapan's government slashed its economic growth forecast for this year large...
Read more »

Mexico is not in recession, economy is improving: presidentMexican President Andres Manuel Lopez Obrador said on Monday the country was not...
Read more »

Hong Kong protests not yet causing 'big movement of money' to Singapore, says bank CEOSingapore — a tiny Southeast Asian country — and Hong Kong are often seen as competitors for the role of Asia's premier financial center.
Read more »