Commencement Address by AGUSTÍN CARSTENS, Governor of the Bank of Mexico, at the School of Global Policy and Strategy, University of California San Diego June 2017  Thank you, Executive Vice Chancellor Peter Cowhey, Acting Dean Gordon Hanson, faculty, parents, spouses, partners, children, friends, and members of the Class of 2017. It is an honor to celebrate with you today.
The downward movement in import prices which has gradually been taking place over the past few months should support this process. The falling trend in consumer price inflation will contribute to containing inflation  BIS Review 74/2001  1  expectations of economic agents, thereby influencing price and wage-setting behaviour.