Mexico: Review Under the Flexible Credit Line-Press Release; Staff Report

International Monetary Fund

No 2017/129, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Mexico’s Review under the Flexible Credit Line. Mexico’s very strong policies and policy frameworks have helped it navigate successfully a complex external environment characterized by the heightened risk of protectionism and financial market volatility. Inflation is above the central bank’s target, reflecting mainly the transitory effects of the liberalization of domestic fuel prices and the pass-through from the currency depreciation. Although the global environment and financial stability have improved somewhat recently, downside risks affecting Mexico remain elevated amid continued uncertainty about the outcome of the discussions with the United States on trade, as well as a possible renewed surge in capital flow volatility.

Keywords: ISCR; CR; anchor inflation expectation; The Flexible credit line arrangement; FCL resource; IMF's Executive Board; credit line; FCL arrangement; headline inflation; Credit; Inflation; International reserves; Global (search for similar items in EconPapers)
Pages: 44
Date: 2017-05-23
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