I would like to talk first, about the current rebound in the Mexican economy and how the financial markets are performing; then, give you some perspective on inflation and monetary policy; and finally, describe the most recent progress on Mexico’s structural reform agenda.
As usual, my comments are entirely my own and do not necessarily reflect those of the Bank of Mexico or its Governing Board. The current economic rebound At this time last year, Mexico’s economy was deteriorating. Today, an incipient upswing is underway. Specifically, in the second quarter, Mexico’s economy posted vigorous growth, similar in annualized terms to that of the United States.