In a recent interview with Reuters, Mexico’s Central Bank Governor Alejandro Diaz de Leon talked about the recent changes in peso’s valuation and the challenges that the central bank is facing in the short-term. Below are some of the key quotes, via Reuters.
Bank prepared for different election scenarios.
Peso reflecting broadly stronger dollar, uncertainty about NAFTA renegotiation and Mexico election.
Prudent policy needed in face of global, domestic uncertainty.
FX commission could review situation if liquidity, depth in FX market is compromised.