MEXICO CITY, Oct 13, 2004 (Especialistas en Medios/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Bank of Mexico (Banxico) urged analysts and the general public to have confidence that the monetary authority is capable of putting the country's inflation perspectives back on track, adding that inflation will be more under control in 2005.
Everardo Elizondo, deputy governor of Banxico, said that 2004 has undoubtedly been a difficult year for the bank but this has been due to current times and international circumstances.
The official assured that in the short-term, risks would persist in light of the high oil prices which could come to have an impact on inflation goals.
Elizondo added that the fact that the global economy in 2005 is projected to have lower growth rates, compared to 2004, "the tension in demand may drop, thus allowing a certain trend favoring price stability" to come about.
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