I think we should be cautious to the right extent; a symmetrical approach, in line with the conclusions of the ECB's review of its monetary policy strategy, seems to me to be the best given the circumstances.
As usual, my views are entirely my own and do not necessarily reflect those of the Bank of Mexico or its Governing Board.1  Softer economic growth During the last few years, the world economy has decelerated, with year‐on‐year growth declining to rates below long‐term averages.