Manuel Sánchez: The Mexican economy - a call for stronger fundamentals

Remarks by Mr Manuel Sánchez, Deputy Governor of the Bank of Mexico, at the Official Monetary and Financial Institutions Forum (OMFIF) Meeting, London, 21 October 2016.

The views expressed in this speech are those of the speaker and not the view of the BIS.

I would like to thank the Official Monetary and Financial Forum for the invitation to talk to you today. I am honored by the privilege of participating in this excellent platform for worldwide public-private-sector interaction in finance and economics.

On this occasion, I will exchange my views with you on Mexico's economy in the face of a challenging international environment. I will first consider economic developments and prospects in the country, where external demand, and particularly its effects on the manufacturing sector, are key. I will then analyze the impact of global risk factors on financial markets and why it is important to fortify macroeconomic fundamentals in a context of worldwide uncertainty. Finally, I will look at monetary policy and inflation.