Mexican President Claudia Sheinbaum dismissed that the Bank of Mexico's (Banxico) decision to cut interest rates contributed to the peso's depreciation. She attributed the slight weakening of the currency to the conflict in the Middle East. Meanwhile, private sector analysts warn of upward price pressures and criticize Banxico's decision, questioning its credibility. Sheinbaum stated that the government is monitoring inflation, which she considers 'under control', and that the country's monetary situation is 'fine'. 'The problem is the price of oil,' she emphasized.
