For these and other considerations, I believe that we should start reducing the pace of adjustments as soon as in our next meeting and reach a terminal rate by the end of this year, with independence from the actions that the Federal Reserve might take in the future.
Going back to the strength of the Mexican peso, this also might be the result of new foreign direct investment associated with the increased attractiveness of the country due to the phenomenon defined as nearshoring or reshoring. Indeed, a re-globalization process is underway in which firms now seek to diversify the risk of supply disruptions.