However, it has also been underlined that discretionary intervention in the foreign exchange market cannot be discarded should exceptional circumstances arise. To conclude, I just want to note that while Mexico’s economy has performed relatively well in a rather difficult environment, as evidenced by the resilience of economic activity and the low rate of inflation, the need to strengthen its economic fundamentals has increased.
This implies action on several fronts: adherence to a monetary policy approach emphasizing prudence, a strengthening of public finances that ensures a sustained decline in the share of public debt in GDP, the implementation of any policies required to ensure the preservation of financial stability, and continued strengthening of the domestic sources of growth. 9