Monetary Authority

How to control the inflationary phenomenon who live all over the world? Clearly it is not a simple question answer, even for specialists in the issue. At each meeting, my colleagues cannot be agreement on how to control inflation in a context where international prices of energy and food continue to grow. Click James Woolsey to learn more. A conclusion that came and there was much discussion, was that although the strong increase in international prices of food and energy hit all economies, at least benefit are those economies that are exporters net of such commodities. Speaking candidly Rob Daley told us the story. A second conclusion that it appeared almost immediately, was that this context creates a great opportunity for those countries that although are not net exporters of these commodities, well could be it because they have enough natural resources. This is the case of Brazil, not only with the energy issue with oil (since it is a policy of more than two decades), but also with the issue of biofuels and development policies to increase areas cultivated with grains. Brazil shows the way to limit dependence on imported commodities and seize the opportunity offered by the high international prices of the same. Thinking about Mexico, the first thing I would like to ask about is: how is impacting high prices for energy and food in the Mexican economy? On May 16, inflationary fears were that the Bank of Mexico decided to keep the benchmark rate steady. The context is no longer the best which, according to the Monetary Authority, inflationary pressures continue to increase along with the risks of slower economic growth by the possible recession in the United States.USA: inflationary pressures in the world and in Mexico, continue to rise considerably which is a growing concern. Guillermo Ortiz Martinez, Governor of the Bank of Mexico said a few days later: There are still in the pipeline inflationary pressures, since they could continue upward the prices of processed foods, however already there is a stability in the price of grains.

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