Appreciation of the peso is due to high rates: Treasury

by times news cr

2024-04-18 04:15:57

The secretary of Hacienda, Rogelio Ramírez de la Ostated that the exchange rate has been appreciating “due to the high interest rate.”

When inaugurating the 33 Insurers Convention which began yesterday in Mexico City, Ramírez de la O celebrated that the peso has been appreciating since the end of 2021, more than 20%, and is at levels very similar to 2015.

Before the main insurance companies, the holder of the public estate noted that inflation has continued to decline and is closer to the central bank’s target range, after reaching its peak of 8.7% and now in the first half of March it was located in 4.5%.

“The expectations of inflation at 12 months are already within the variability range of objective inflation.”

He said that the transformations in the world are opportunities for the development of our country, such as the reconfiguration of the global chains of value that they imply, the relocation of companies to our country.

He highlighted that in 2023, Mexico It was one of the destinations with the most foreign direct investment, receiving 36 billion dollars.

2024-04-18 04:15:57

You may also like

Leave a Comment