Relief from foreign exchange pressures The biggest challenge, of course, was the pivot of the US [Federal Reserve] to tight money, [which] caused a large depreciation of the peso, just like many other currencies. And, actually, there are two stories: What you see here is the summary for 2022, when the peso depreciated by 8.0 percent.
This has intensified concerns over worsening problems and how to manage them. - As always, such unbalanced developments arise from a host of problems that are difficult to spell out. This is clearly reflected in the international debate concerning these problems. One must be wary of oversimplifying the problems and their solutions.