Increased prices and cutting down on inflation's surge are likely to occur as a consequence of the strong performance of the Mexican peso, the country's central bank governor told a Mexican newspaper, according to Reuters.
Agustin Carstens said during an interview with the publication that the Bank of Mexico is not very comfortable with inflation's high levels. But he underscored the importance of providing for development and growth.
"We're evaluating the whole environment," the central bank governor told newspaper 24 Horas during an interview, according to Reuters. "It's not certain that there's a generalized increase in prices but it is a complex situation in which the Bank of Mexico isn't comfortable with inflation above four percent, and if circumstances require we won't hesitate to use our instruments."
Latin America's most traded currency this past June was at its lowest rate in three years against the world's reserve currency but had gained 13 percent against the dollar by the end of September.
The peso remains under the duress of the European debt crisis but the monetary unit has gained since Friday's close, according to The Wall Street Journal.
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