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The Bank of Mexico (Banxico), the country’s central bank, Governor Diaz de Leon was on the wires last minutes, via Reuters, commenting on the economic and monetary policy outlook.

Key Quotes:

Core inflation is a ‘challenge,’ showing greater resistance to decrease.

Very important to address factors credit ratings agencies have signaled to avoid further downgrade for state oil firm PEMEX.

Bank’s board will pay attention to new information, uncertainty over coming weeks before evaluating additional monetary policy actions.

Mexico’s Peso could see new bouts of volatility if international trade tensions intensify, economic data surprises.