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Conversations are advancing to design a regional anti-inflationary agreement

Conversations are advancing to design a regional anti-inflationary agreement

López Obrador added that there will be a teleconference among the leaders the 5th of April and then one Face-to-face meeting to address the strategies and that the foreign ministries and economy ministries of the countries would come into contact. Both instances would have the objective of “seeking exchanges in exports, imports of food and other goods in order to face the cost of living together,” he added.

Lula spoke with AMLO

He President of Brazil, Luiz Inácio Lula da Silvasaid last Wednesday that spoke with his counterpart from Mexico about “economic cooperation”and that the president invited him to visit the North American country, which he will do “as soon as possible,” he added.

“I spoke today with the president of Mexico @lopezobrador_ on economic cooperation between our countries and I received an invitation for us to visit Mexico, which we will do as soon as possible,” Lula said last Wednesday in a post on his Twitter account.

Inflation in Mexico

The North American country registered a inflation of 7.76% per year in the first half of Februarybut its central bank warned that the underlying, which stood at a 8.38% YoYit is still a concern about its persistence and duration.

In a try to cool the pricesthe monetary authority increased its key rate by 700 basis pointsstill eleven%and said that there could be an additional one in the next monetary policy decision but of a smaller magnitude.

Source: Ambito

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